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Impormal na sektor pp

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RodMislang CabuangJr.
RodMislang CabuangJr.

This document contains a 10 question quiz on basic economics concepts. The questions cover topics like supply and demand, factors that influence satisfaction levels, sources of government income, definitions of economic terms like recession and depression, what makes markets work, characteristics of monopoly, what businesses aim to maximize, necessary properties of money, factors of production, and which type of company operates in the primary sector.

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Basic Economics Quiz Bee
• 1. Under normal circumstances, when the price of a commodity falls, the quantity demanded will _______________ • decrease • increase • remain unchanged • nobody knows
• 2. Initially, when you consume more and more of a commodity continuously, your TOTAL satisfaction level will increase. • True • False
• 3. What usually constitutes the main source of a government's income? • • • • Loans Taxes and levies Profits from business undertakings Grants from World Bank
• 4. When the economic activity in an economy is on the decline, then it is called a _______ ? • • • • boom recession deflation depression
• 5. What is the single most important factor that makes the markets work? • • • •  kapital  Markets don't work  Raw materials  Money
• 6. Monopoly is when there is a single _______?  • • • • game  buyer  seller  market
• 7. A business firm tries to maximize its ________ ?  • • • • profits  revenue  sales  job retrenchment
• • • • • 8. For anything to be used as money, it must be what?   fixed in value  legal tender  in fixed supply  readily acceptable
• 9. Which of the following is NOT a factor of production?  • • • • A farm  A printing machine  A shopkeeper  A $10 note
• 10. Which company operates in the primary sector? •  First Bangkok City Bank: a medium-sized  commercial Thai Bank •  Century City: Hong Kong holding company  with property and hotel interests •  Delta Gold: a rapidly expanding Australian  gold and platinum mining company •  Compass East Industries: a Thai ceiling fan  manufacturer
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Impormal na sektor pp

  • 2. • 1. Under normal circumstances, when the price of a commodity falls, the quantity demanded will _______________ • decrease • increase • remain unchanged • nobody knows
  • 3. • 2. Initially, when you consume more and more of a commodity continuously, your TOTAL satisfaction level will increase. • True • False
  • 4. • 3. What usually constitutes the main source of a government's income? • • • • Loans Taxes and levies Profits from business undertakings Grants from World Bank
  • 5. • 4. When the economic activity in an economy is on the decline, then it is called a _______ ? • • • • boom recession deflation depression
  • 6. • 5. What is the single most important factor that makes the markets work? • • • •  kapital  Markets don't work  Raw materials  Money
  • 7. • 6. Monopoly is when there is a single _______?  • • • • game  buyer  seller  market
  • 8. • 7. A business firm tries to maximize its ________ ?  • • • • profits  revenue  sales  job retrenchment
  • 9. • • • • • 8. For anything to be used as money, it must be what?   fixed in value  legal tender  in fixed supply  readily acceptable
  • 10. • 9. Which of the following is NOT a factor of production?  • • • • A farm  A printing machine  A shopkeeper  A $10 note
  • 11. • 10. Which company operates in the primary sector? •  First Bangkok City Bank: a medium-sized  commercial Thai Bank •  Century City: Hong Kong holding company  with property and hotel interests •  Delta Gold: a rapidly expanding Australian  gold and platinum mining company •  Compass East Industries: a Thai ceiling fan  manufacturer
  • 12. Picture Picture Muna Tayo!!! Ayaw ko Ayaw ko aw..aw aw..aw