WorksheetsPrinciple of Economics
Total questions: 10
Worksheet time: 5mins
The economy of Malaysia is the third largest in Southeast Asia.
True
False
Malaysia exports the first largest volume and value of palm oil products globally after Indonesia.
True
False
Who is Malaysia's largest trading partner?
Malaysia's industrial sector accounts for 36.8%, over a third of the country's GDP in 2014, and employs 36% of the labour force in 2012.
The industrial sector mostly contributed by:
Electrical and electronics
Construction
Automotive
Tourism
Utensils categorized under which market structure?
oligopoly market
monopolistic market
perfect market
monopoly market
What are basic economic questions?
how
what
why
who
Choose the correct scarce resources down below.
labour
capital
land
technology
Elasticity is a measure of the responsiveness of three variable to another.
True
False
Which statement refer to Free Goods?
will not have a price
will have a price
Luxury items, vacations, high-end electronics are examples of goods and services and have a very ________________
inelastic demand
elastic demand
