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WorksheetsINTRO TO ECONOMICS
Total questions: 18
Worksheet time: 27mins
Why do you need to study economic?
Just for fun
Learning economic is interrelated with my field or background of studies especially design.
Learning economic is to get me learn on how to manage my money.
The subject is a must to score to be an architect.
Economic is one of the oldest discipline and is categorized as a
microeconomic
problem
money
social science
'A science that studies human behavior as a relationship between ends and scarce means which have alternative uses'.
Which economist that quote on these statement?
K.E. Case
L. Robbins
K.E. Case and R.C. Fair
Madam Farrah
What are the branch of social science?
None
Economic Problem,Covid 19 Situation & Unemployment
Scarce,Choice,Opportunity Cost
Production,Distribution,Consumption of Goods & Services
Which is factors of production?
Labour,Land,Capital,Machineries
Natural Resources,Human Resources and Process Resources
Labour,Land,Capital,Entrepreneur,Human Ability & Capability
All of them
Goods can be divide into how many categories?
1
2
3
4
Consumer Goods also known as?
very good
public good
capital good
final goods
Goods that are FUNDED by Government through taxation is?
So Good
Public Good
Social Good
Capital Good
Is the characteristic of people such that they are never totally satisfied with the quantity and variety of goods & services” These statement is mention about?
perception
Unlimited Want
Basic Necessities
Selfish
What are 3 basic economic concept?
Scarcity,Choice,Opportunity Cost
Choice,Demand,Preference
Land,Capital,Labour
Production,Capital good,Public Good
These statement is looking into microeconomics...(multiple answer)
What should I buy with RM5?
Where should I go for holiday?
How much interest rate that has been impose by Bank Negara?
What is the effect of Covid 19 to the Malaysia's Economy?
What is the definition of macroeconomics?
studies individual economic units in detail such as a household, a firm and a government.
studies the aggregate behavior of the entire economy.
branch of economics that concerns the description and explanation of economic phenomena.
The next alternative that you choose not to do is the cost of the thing that you choose to do
Determine either the following statement is Positive or Normative Economics. We should redistribute wealth from the rich to the poor. So, the quantity of poor people can be reduce.
Normative economic
Positive economic
Capital economic
Public economics
Determine either the following statement is Positive or Normative Economics. If the price of books goes up, people will buy less. Therefore, we should not allow the price to go up
Positive Economics
Normative economics
Determine either the following statement is Positive or Normative Economics. The price of milk has risen from $3 a gallon to $5 a gallon in the past five years.
Normative economics
Positive economics
Islamic economics is subject that studies human behaviour in relation to multiplicity of wants and scarcity of resources with alternative uses so as to maximize well-being both in present world and hereafter. What islamic terms call for this statement?
Falah
Ikhtilat
Riba'
Wasattiyah
Islam instruct us to avoid Israf and stop from hoarding in recognition of resources being scarce in terms of their availability. What is the meaning of 'Israf'?
Wastage
Riya'
Selfish
Arrogant
Can you recall all information from Lecture 1 Introduction to Economics. Can you understand what Madam Farrah explain in the Google Meet Class?Comment below......
