WorksheetsCHAPTER 1 - INTRODUCTION TO MICROECONOMICS
Total questions: 10
Worksheet time: 3mins
In socialism, the price of the products and goods is determined by
supplier
government
customer
private sector
People need to make a choices in order to maximize their
scarcity
satisfaction
resources
production
The society do not have freedom to make a choice in determine what goods or services to produce.
Mixed Economic
Capitalism
Socialism
Islamic Economic
The picture describe what always happen in economics problems
Opportunity cost
Choice
Satisfaction
Scarcity
"After class, Luth has decided to go to a café to buy a lunch for himself". What type of issues happen in an economy
Microeconomics
Mixed economics
Socialism
Macroeconomics
In this economic system, the main aim of the system is to ensure safety and happiness on earth and in the afterlife.
Islamic
Socialism
Mixed
Capitalism
"Government does not involve in economic decisions".
The statement above best describes what type of economic system?
Islamic Economic
Capitalism
Mixed Economic
Socialism
"The employment rate in Malaysia had increased by 10% due to covid-19".
What type of issues happen in an economy.
Microeconomics
Macroeconomics
Socialism
Capitalism
Free competition between firms may results in a
country
market
monopoly
oligopoly
In a mixed economic system, economic problems are solved by the public
True
False
