Network
What is the meaning of the term "supply and demand"?
a) The amount of goods and services produced by a country
b) The relationship between the quantity of a product and its price
c) The distribution of income in a society
d) The government's control over the economy
Jawaban: b) The relationship between the quantity of a product and its price
What is the definition of "market equilibrium"?
a) A situation where the supply exceeds demand
b) A situation where the demand exceeds supply
c) A situation where the quantity demanded equals the quantity supplied
d) A situation where the market is stagnant
Jawaban: c) A situation where the quantity demanded equals the quantity supplied
What does the term "opportunity cost" mean?
a) The cost of producing one additional unit of a good
b) The total cost of production
c) The value of the best alternative forgone when making a choice
d) The cost of borrowing money from a bank
Jawaban: c) The value of the best alternative forgone when making a choice
What is the meaning of the term "deficit" in economics?
a) The excess of government spending over government revenue
b) The excess of government revenue over government spending
c) The total amount of money in circulation
d) The balance between imports and exports
Jawaban: a) The excess of government spending over government revenue
What is the definition of "exchange rate"?
a) The rate at which goods and services are exchanged in the market
b) The rate at which a country's currency can be exchanged for another currency
c) The rate at which stocks are traded on the stock exchange
d) The rate at which interest is calculated on a loan
Jawaban: b) The rate at which a country's currency can be exchanged for another currency
What does the term "oligopoly" mean?
a) A market structure with a large number of sellers
b) A market structure with a few sellers
c) A market structure with no competition
d) A market structure with perfect information
Jawaban: b) A market structure with a few sellers
What is the meaning of the term "barter"?
a) A system of government-controlled trade
b) The exchange of goods and services for money
c) The exchange of goods and services without using money
d) The exchange of goods and services between countries
Jawaban: c) The exchange of goods and services without using money
The term "capital" in economics refers to:
a) Money used for investment or production
b) Total assets owned by a company
c) A city that serves as a center of economic activity
d) The physical buildings and infrastructure in an economy
Jawaban: a) Money used for investment or production
