The Basic of The Economic Problem

Science that studies how human fulfill their various relatively unlimited life needs with limited resources is .....

• Economics
• Physics
• Chemistry
• Biology

According to the intensity of use, the needs that are of a complementary after the primary needs are fulfilled is called .....

• secondary needs
• primary needs
• tertiary needs
• supplementary needs

According to the intensity of use, the needs that must be met because they are important for human survival is called ......

• tertiary needs

• self-actualization needs
• primary needs

• secondary needs

According to time, the needs that must be met now and cannot be postponed is called ......

• Anticipated needs

• Urgent needs
• Immediate needs
• Essential needs

Needs that is according to time, retirement plan is an example of .....

• Long-term need (Anticipated)

• Urgent need

• Medium-term need

• Short-term need

Type of good according to the characteristic that have no economic value because they are available abundantly without requiring any sacrifice is .....

• Free goods

• Club goods
• Economic goods

• Common goods

Which of the following is NOT an example of a consumer good?

• Toaster
• Factory machine
• Car
• Television

Services like haircuts and car repairs fall under which category?

• Capital Goods

• Intangible Goods

• Tangible Goods

• Free Goods

What are consumer goods primarily designed for?

• Manufacturing

• Raw Materials

• Business Operations

• Personal Use

What is the primary function of production goods?

• To be used in the manufacturing process to create final goods or services
• To be stored indefinitely without any purpose
• To be discarded after a single use
• To be used for personal consumption