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ECONOMICS

Total questions: 14

Worksheet time: 11mins

Name
Class
Date
1.

The core problem in economics study is

a)

Money

b)

Scarcity

c)

Production

d)

Allocation

2.

Which of the following statement is about microeconomics?

a)

The growth increased by 5.0 percent last year

b)

Inflation is about to increased 3.6 percent this year

c)

The factors of production is limited resources

d)

The general price level increased by 4 percent last year

3.

“In order to save cost, the “Food Industry” should use more labor than machines.”This statement refers to

a)

What to produce?

b)

How to produce?

c)

How many to produce?

d)

None of the above

4.

Capitalism is an economic system where individuals take all the

main economic decisions.

a)

True

b)

False

5.

My full name is

a)

Azilina Azmi

b)

Norazlina Azmi

c)

Azlina Azmi

d)

Nurazilina Azmi

6.

Below are the concept in economic problems EXCEPT:

a)

Choices

b)

Externalities

c)

Opportunity Cost

d)

Scarcity

7.

Which one drama/movie below related with Central Planned Economy?

a)
b)
c)
d)
8.

Which country below has applied Capitalism Economy?

a)

Nigeria

b)

Roman

c)

United State

d)

Hong Kong

9.

The basic economic questions are _______ EXCEPT:

a)

What to produce

b)

For whom should be produce

c)

Why to produce

d)

How much to produce

10.

Government and private sector in Islamic economy make an economic decision based on:

a)

Books

b)

Opinion

c)

Al-Quran and Hadith

d)

Internet

11.

What to produce in Mixed Economy refers to:

a)

Public goods

b)

Private goods

c)

Intermediate goods

d)

Public and private goods

12.

How to produce in Capitalism Economy refers to

a)

Labor intensive

b)

Capital intensive

c)

The cheapest method

d)

Inefficiency method

13.

Benefits in Islamic Economy

a)

Monopoly

b)

Profit

c)

Avoid riba

d)

Inefficiency

14.

Disadvantage of Central Planned Economy

a)

Social justice

b)

Limited choice of product and services

c)

Public goods

d)

Profit