Kiến thức Kinh tế cơ bản

What is marginal benefit?

• Total benefit from all activities

• Benefit from performing one additional unit of activity

• Average cost of the product

• Post-tax benefit

What is marginal cost?

• Benefits from changing costs

• Cost of producing one additional unit

• Fixed costs

• Cost of all products

What does the production possibility frontier represent?

• Consumption boundary

• Maximum production capacity under limited resources

• Price changes

• Total market supply

What is a characteristic of a command economy?

• No government intervention

• The government provides detailed guidance

• Individuals decide all prices

• The market self-regulates

Which principle promotes a free market economy?

• The state sets all prices

• The market is unaffected

• The invisible hand guides the market

• There is no private property

What is a mixed economy?

• Completely run by the state

• A combination of government and the private sector

• No government intervention

• Completely dependent on aid

What does positive economics describe?

• How the economy should operate

• Subjective opinions

• Objective scientific explanation of the economy

• Consumer satisfaction levels

What does normative economics provide?

• Logic model

• Judgments and recommendations based on values

• Objective predictions

• Efficient choice model

Theo Nguyên tắc 1, con người:

• Make decisions without trade-offs

• Never have enough resources

• Always face trade-offs

• Always make the right decisions

Theo Nguyên tắc 2, chi phí của một thứ gì đó là:

• The amount of money paid

• The time used

• What you give up to get it

• Free