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WorksheetsQUIZ_PIE_FINAL EXAM_1A
Total questions: 45
Worksheet time: 46mins
1. All expenses made by the company to obtain production inputs (factors of production) which will be used to support production activities to produce the production of products that will be offered to the market are called....
Manufacture Cost
Production Cost
Sunk Cost
Non Fixed Cost
2. Basically there are two concepts of production costs, namely:
Internal Costs and External Costs
Fixed Costs and Non Fixed Costs
Implicit Costs and Explicit Costs
Overhead Costs and Non Overhead Costs
3. Production costs that are not shown in the financial statements are called ....
Implicit Costs
Explicit Costs
FOH Cost
"Sunk" Cost
4. Production costs shown in the financial statements. is called ....
Implicit Costs
Explicit Costs
FOH Cost
"Sunk" Cost
5. There are three concepts for studying short-run production costs, except ...
average cost = AC
total cost = TC
marginal cost = MC
marginal revenue= MR
6. The total amount of costs incurred by the company to obtain production inputs and is the sum of the fixed costs and variable costs of the company, called ....
average cost = AC
total cost = TC
marginal cost = MC
marginal revenue= MR
7. The formule below :
TC = FC + VC
We can called it as the formula of....
average cost = AC
total cost = TC
marginal cost = MC
marginal revenue= MR
8. The costs incurred by the company to produce one unit of product which is the sum of the average fixed cost (AFC) and average variable cost (AVC) is called...
average cost = AC
total cost = TC
marginal cost = MC
marginal revenue= MR
9. The formule below:
AC = AFC + AVC
we can called it as the formula of....
average cost = AC
total cost = TC
marginal cost = MC
marginal revenue= MR
10. Additional costs borne by the company because the company increases its production capacity is called a....
average cost = AC
total cost = TC
marginal cost = MC
marginal revenue= MR
11. •The formula above, we can called it as the formula of....
average cost = AC
total cost = TC
marginal cost = MC
marginal revenue= MR
NUmber 1 is called a curve of....
Total Fixed Cost (TFC)
Total Variable Cost (TVC)
Total Cost (TC)
Average Cost (AC)
NUmber 2 is called a curve of....
Total Fixed Cost (TFC)
Total Variable Cost (TVC)
Total Cost (TC)
Average Cost (AC)
NUmber 3 is called a curve of....
Marjinal Cost (MC)
Average Cost (AC)
Average Fixed Cost (AFC)
Average Revenue (AR)
NUmber 4 is called a curve of....
Marjinal Cost (MC)
Average Cost (AC)
Average Fixed Cost (AFC)
Average Revenue (AR)
NUmber 5 is called a curve of....
Marjinal Cost (MC)
Average Variable Cost (AVC)
Average Fixed Cost (AFC)
Average Revenue (AR)
17. If the increase in production causes the average production cost to be lower. This condition is called ....
Economies of Scale
Non Economic Scale
Efficiency Scale
Effectiveness Scale
18. Factors causing long-term efficiency & inefficiency include, except ...
Management
Production technology
Human Resources
Non resource
19. Important factors that give rise to economies of scale include, except ...
Specialization of factors of production
Inhibits the development of other businesses
Reduction in the price of raw materials and other production needs
Allows by-products (By / products) to be produced
BONUS
20. The formula below :
TC = FC + VC
We can called it as the formula of....
average cost = AC
total cost = TC
marginal cost = MC
marginal revenue= MR
21. The method or strategy of a nation or state in regulating its economic life in order to achieve the prosperity of its people is called ...
Economic System
Government system
Political System
Social system
22. An economic system that provides complete freedom in all areas of the economy to each individual to obtain the maximum profit is called ...
Socialist Economic System
Liberal Economic System
Mixed Economic System
Democratic Economic System
23. An economic system that requires the prosperity of society evenly and there is no economic oppression. In order to achieve equitable prosperity, the government must intervene in the economy. Therefore, this results in the potential and creative power of society to die and the absence of individual freedom in carrying out economic activities. is called ....
Socialist Economic System
Liberal Economic System
Mixed Economic System
Democratic Economic System
23. An economic system that requires the prosperity of society evenly and there is no economic oppression. In order to achieve equitable prosperity, the government must intervene in the economy. Therefore, this results in the potential and creative power of society to die and the absence of individual freedom in carrying out economic activities. is called ....
Socialist Economic System
Liberal Economic System
Mixed Economic System
Democratic Economic System
25. An economic system which is a mixture or combination of a liberal economic system with a socialist economic system. The main economic problems regarding what goods will be produced, how the goods are produced, and for whom the goods are produced, will be resolved jointly by the government and the private sector called ...
Socialist Economic System
Liberal Economic System
Mixed Economic System
Democratic Economic System
26. The characteristics of a liberal economic system except ...
Everyone is free to have the means of production, both individually and in groups
Most of the economic activities are carried out by the private sector
All economic resources are owned and controlled by the state.
Very little / limited government interference
27. The characteristics of a socialist economic system except ...
Everyone is free to have the means of production, both individually and in groups
Most of the economic activities are carried out by the private sector
All economic resources are owned and controlled by the state.
Very little / limited government interference
28. The characteristics of a mixed economic system except ...
Vital resources are controlled by the government
The government formulates regulations, plans and determines policies in the economic field.
All economic resources are owned and controlled by the state.
The private sector is given freedom in economic fields within the limits of economic policy set by the government
29. The economic system adopted by Indonesia is ....
Liberal Economic System
Pancasila Democratic Economic System
Socialist Economic System
Capitalist Economic System
30. The method or strategy of a nation or state in regulating its economic life in order to achieve the prosperity of its people is called ...
Economic System
Government system
Political System
Social system
31. An industry in which there are many sellers and buyers, and neither seller nor buyer can affect the situation is called ...
Market
Demand
Supply
Elasticity
32. The following is a market structure, except ...
MONOPOLY MARKET
PERFECT COMPETITION MARKET
OLIGOPOLY MARKET
GLOBAL MARKET
33. Structure of a market or industry where many
There are buyers and sellers, and every neither the seller nor the buyer influencing conditions in the market, it is called ...
MONOPOLY MARKET
PERFECT COMPETITION MARKET
OLIGOPOLY MARKET
GLOBAL MARKET
34. a market form where in a industry there is only one company and the resulting product does not have the perfect substitute is called ....
MONOPOLY MARKET
PERFECT COMPETITION MARKET
OLIGOPOLY MARKET
GLOBAL MARKET
35. a market or industrial structure consists of only a few companies and every company has capabilities influencing market prices is called ....
MONOPOLY MARKET
PERFECT COMPETITION MARKET
OLIGOPOLY MARKET
GLOBAL MARKET
36. A market with multiple sellers offering a similar product (item), however it is different in some aspects. is called ....
MONOPOLY MARKET
PERFECT COMPETITION MARKET
OLIGOPOLY MARKET
MONOPOLISTIK MARKET
37. The value of final goods and services based on market prices, which is produced by an economy in one period using the factors of production that are in the economic area ”(Case & Fair, 1996) is called ....
GDP
National income
GNP
Income per capita
38. Economic sectors are grouped into three, among others, except ...
Primary Sector
Secondary Sector
Tertiary sector
Luxury sector
39. The Formula : GNP = C + I + G + X
C means....
Consumtion
Income
Government Expenditure
Ekspor-Impor
39. The Formula : GNP = C + I + G + X
I means....
Consumtion
Income
Government Expenditure
Ekspor-Impor
39. The Formula : GNP = C + I + G + X
G means....
Consumtion
Income
Government Expenditure
Ekspor-Impor
39. The Formula : GNP = C + I + G + X
X means....
Consumtion
Income
Government Expenditure
Ekspor-Impor
43. Explain what does the multinational company means!
(a)
44. Explain what does "GLOCALIZATION" mean in international trade!
(a)
45. Explain your opinion about the relationship between inflation and the welfare of society!
(a)
