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WorksheetsCHAPTER 1: KINH TẾ HỌC LÀ GÌ?
Total questions: 14
Worksheet time: 7mins
Economics is the study of?
How to invest in the stock market.
How to manage and operate a company effectively.
How people make decisions when faced with scarcity
How governments decide which goods and services are produced
Economics is a social science that studies how to
Manage businesses to make a profit
Avoid the issue of scarcity for many different and competing uses
Create luck for individuals in the stock market
Allocate scarce resources for many different uses
What does microeconomics study?
The behavior of individuals, businesses, and households in various types of markets.
The activities that occur throughout the entire economy.
The behavior of consumers to maximize satisfaction.
The general price level of a country.
Which of the following belongs to microeconomics?
The unemployment rate in Vietnam is currently high.
The inflation rate in 2023 in Vietnam is 4%.
Economic profit is the driving force attracting new businesses to enter the manufacturing industry.
Fiscal policy and monetary policy are tools used by the government to regulate the economy.
What is positive statement?
Describes and explains events and economic issues objectively with a scientific basis
Provides personal opinions or subjective guidance
Explains the behavior of economic agents in various types of markets
No option is correct
Which of the following statements is a normative statement?
The GDP growth rate in Vietnam in 2023 is 5.05%
The inflation rate of Vietnam in 2023 is 4%
The price of 9999 gold increased by 300,000 VND/tael on January 31, 2024
There must be free pharmacies to serve the elderly and children
Which analytical tool describes the different combinations of two goods that can be produced when resources are used efficiently
Production Possibility Frontier (PPF)
Demand Curve
Indifference Curve
Gross National Product (GNP)
The price of durian in the market increases by 10%, leading to a 5% decrease in demand under ceteris paribus conditions. This issue pertains to
Microeconomics, normative
Macroeconomics, normative
Microeconomics, positive
Macroeconomics, positive
Which of the following markets belongs to the factor market?
Land market
Labor market
Capital market
All of the above are correct
The ability of households to enjoy goods in the economy is determined by?
Goods market
Land market
Market for production factors
No option is correct
The difference between the goods market and the factor market (YTSX) is that in the goods market:
Factors of production are bought and sold, while in the factor market goods are bought and sold.
Consumers are the buyers, while in the factor market producers are the buyers.
Consumers are the sellers, while in the factor market producers are the sellers.
All of the above are incorrect.
On the production possibility frontier (PPF):
Points on the PPF represent an economy producing efficiently
Points inside the PPF represent an economy producing inefficiently
Points outside the PPF represent an economy that cannot be achieved due to insufficient resources for production
All of the above statements are correct
Which of the following can illustrate the concept of "opportunity cost"?
Will you study microeconomics or go to the movies?
If I spend all my time going to college, I have to sacrifice the income I could earn from working, which is 60 million VND per year.
If you increase your spending on food, you must reduce your spending on buying clothes.
All of the above statements are correct.
Which of the following statements is correct regarding the role of an economist?
An economist should be seen as a policy advisor
An economist should be seen as a scientist
When trying to explain the world, an economist is a policy advisor; when trying to improve the world, they are a policy advisor
When trying to explain the world, they are a scientist; when trying to improve the world, they are a policy advisor
