BARU
Ukuran huruf
Lembar kerjaPBMF Supply and Demand Unit 2
Total soal: 15
Worksheet time: 8mins
As a consumer, which market would be the worst option for you?
Monopoly
Pure Competition
Oligopoly
You have $8 for a Starbucks. You decide to buy your mocha frappe for a treat. How was money being used in this scenario?
As an indicator of debt
As a medium of exchange
As a unit of accounting
As a store of value
When you put money into a checking account how is the money being used?
As an indicator of debt
As a store of value
As a medium of exchange
As a unit of accounting
If you were trying to sell a product, how could you attract more customers?
Make manufacturing more efficient
Raise the price of the product
Lower the price of the product
Why does competition among buyers in a market general mean higher product prices and more profits for sellers?
Because many buyers have more product choices
Because sellers will have more competition
Because sellers will want to make more product
.
Because many buyers are trying to get too few products
How does the following situation SHIFT the supply curve for solar panels? China restricts trade in precious metals used for solar panels.
Shifts the curve left
Shifts the curve right
Does not shift the curve
What is meant by scarcity?
Limited resources and unlimited wants and needs
Limited resources and limited wants and needs
Unlimited resources and limited wants and needs
Unlimited resources and unlimited wants and needs
Which of the following would totally be unacceptable as a definition for economics?
The study of how people faced with scarcity make choices
The study of how people satisfy wants and needs
The study of how people satisfy wants and needs of the common good
The study of how people make rational self-interest choices to satisfy wants and needs
Which direction does the demand curve slope?
Up
Down
No Shift
Law of Supply states that, all other factors being equal, as the product price increases the quantity of the product provided by sellers __________.
Increaeses
Stays the Same
Decreases
How does the following situation SHIFT the demand curve for haddock, a popular white meat fish? The price of cod, another white meat fish, decreases.
Shifts the demand curve left
Shifts the demand curve right
Does not shift the demand curve
An economic system is how a society organizes itself to __________ in the production and distribution of products?
Supply all resources
Find natural resources
Invest in resources
Allocate limited resources
Mark blogs about the country he is visiting. He mentions that there is almost full employment. Which economic system is this country most likely operating under?
Traditional
Command
Market
Families sign up for a reduced-cost lunch program at school. What basic economic question is being addressed?
What will be produced?
How will it be produced?
Who gets what is produced?
Which economic system heavily relies on customs?
Traditional
Command
Market
Mixed
