NEW
Font size
WorksheetsECONOMICS 3
Total questions: 20
Worksheet time: 20mins
It refers to when a company and its product offerings dominate one sector or industry.
Price Mechanism
Monopoly
Oligopoly
Capital limitation
A market that sells goods directly to the consumers and not in a large amount.
General Market
Wholesale Market
Public Market
Retail Market
It is known to be a market for trade in large amounts of goods.
Supermarket
Wholesale Market
Public Market
Retail Market
It is known to be a set of all individuals and organizations that acquire goods and services that enter into the production of other products or services that are sol, rented, or supplied to others.
Service Market
Industrial Market
Perfect Market
Consumer Goods Market
It is a type of market that has real competition between buyers and sellers.
Perfect Competition Market
Imperfect Competition Market
Free Entry and Exit Competition Market
Public Market
A type of market where buyers and sellers have influence in setting price.
Perfect Competition Market
Imperfect Competition Market
Public Market
Free Entry and Exit Competition Market
It is known to be a economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for good or service.
Demand
Supply
Economics
Scarcity
Learning more about the benefits of milk makes people drink more milk. What type of consumers behaviour under determinant of demand.
Price of the Goods
Education and Advertisement
Population
Season Changes
In winter, there will be more demands for coats and blankets; in summer, the demand for drinks or ice will increase. What type of consumers behaviour under determinants of demands.
Price of the Goods
Education and Advertisement
Population
Season Changes
If peoples average income increase, the demand for certain products will change for a better living. What type of consumers behaviour that is under determinants of demands.
Average Household Income
Price of the Goods
Education and Advertisements
Production and Distribution
It is know to be a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.
Market
Supply
Demand
Scarcity
One way to solve and prevent economic problem is to,
Building a strong community in which there is cooperation among local people working together as producers.
Increase unemployment rate
Consumption of luxurious goods which is influenced by other societies.
Value in consumption causes an increase in expense.
It is one of the Philosophy of Sufficiency Economy that do not take advantage of oneself and others, such as producing and consuming at a moderate level by taking into account the ability of oneself and the family.
Moderation
Reasonableness
Self-immunity
Theory
It is one of the Philosophy of Sufficiency Economy that define as preparing oneself for the consequences and changes in all aspects of future situations.
Moderation
Reasonableness
Self-immunity
Theory
It is advisable to consider the pros and cons of each situation before making a decision and to base the decision upon explainable and acceptable facts and figures.
Moderation
Reasonableness
Self-immunity
Theory
Ways to solve and prevent environmental problems except.
The development of an economy that focuses on quantitative expansion, but disregard the environmental issue.
Using a friendly machines and technology in production and try not to harm the environment or produce pollution.
Setting core values for people to have good quality of life.
Improving and preserving the environment.
Way to solve social problem except,
Lack of land for farming and modern technology to help increase productivity.
Government should provide assistance in allocating farmland for farmers and provide knowledge for various occupations.
Help people to have enough income for their family.
Members have to be self-reliant and help to reduce expenses.
Only Thailand practice the Philosophy of Sufficiency Economy.
TRUE
FALSE
If the demand increases, and the supply remains the same, there will be a shortage, and the price will increase.
TRUE
FALSE
If the demand decreases, and the supply remains the same, there will be a surplus, and the price will go up.
FALSE
TRUE
