G8 Economics - Introduction to Supply and Demand

Which of these questions are not part of the core economic questions?

• What to Produce

• When to Produce

• How to Produce

• For Whom to Produce

Type of economy that focus on how to run a Company.

(a)  

Type of Economy where Monetary and Fiscal Policy are important.

(a)  

Tax is Part of MICRO Economy.

• True

• False

Prices of Resources in Free Market Economy are determined by ....

• Supply

• Demand

• Supply and Demand

• Government

During rainy season, what type of goods will increase in demand?

• 
• 
• 
• 

The value of Indonesia's Rupiah (IDR) will decreased if people decided to use more of Singaporean Dollar (SGD).

• True

• False

Name this Resources.

(a)  

Which of these three economic system, applied in North Korea?

• Planned Economic System

• Mixed Economic System

• Market Economic System

• Traditional Economic System

What type of Economic System used by the Government of Indonesia?

• Planned

• Mixed

• Market

• Traditional