Network
What is the meaning of the term "demand curve"?
a) A graphical representation of the relationship between price and quantity demanded
b) The total amount of goods and services demanded in an economy
c) The change in quantity demanded due to a change in price
d) The demand for a specific product in the market
Jawaban: a) A graphical representation of the relationship between price and quantity demanded
Baca Juga: 80 Soal UAS UT Materi dan Pembelajaran PKN SD PDGK4401, Contoh Soal UTM UT PDGK4401
What does the term "elasticity" refer to in economics?
a) The measure of a country's economic growth rate
b) The responsiveness of quantity demanded or supplied to a change in price
c) The percentage of the population below the poverty line
d) The ability of a firm to produce goods efficiently
Jawaban: b) The responsiveness of quantity demanded or supplied to a change in price
The term "deflation" means:
a) A decrease in the overall level of prices
b) An increase in the overall level of prices
c) A decrease in the money supply
d) An increase in the unemployment rate
Jawaban: a) A decrease in the overall level of prices
What is the definition of "comparative advantage"?
a) The ability of a country to produce a good at a lower opportunity cost than another country
b) The ability of a country to produce more goods than another country
c) The total value of a country's exports minus imports
d) The rate at which one currency can be exchanged for another
Jawaban: a) The ability of a country to produce a good at a lower opportunity cost than another country
The term "depreciation" refers to:
a) A decrease in the value of a country's currency relative to other currencies
b) The wear and tear of physical capital over time
c) A decrease in the overall level of investment in an economy
d) The increase in the value of assets owned by a company
Jawaban: a) A decrease in the value of a country's currency relative to other currencies
What does the term "cost-benefit analysis" mean?
a) The analysis of the costs incurred in producing a good or service
b) The analysis of the benefits received from consuming a good or service
c) The comparison of costs and benefits to determine the best course of action
d) The calculation of the average cost of production
Jawaban: c) The comparison of costs and benefits to determine the best course of action
The term "credit" refers to:
a) Money borrowed to finance a purchase
b) The amount of money in circulation in an economy
c) The interest rate charged by banks on loans
d) The total value of a country's exports minus imports
Jawaban: a) Money borrowed to finance a purchase
What is the meaning of the term "demand elasticity"?
a) The responsiveness of quantity demanded to a change in income
b) The responsiveness of quantity demanded to a change in the price of a substitute good
c) The responsiveness of quantity demanded to a change in the price of the good itself
d) The responsiveness of quantity demanded to changes in government policies
Jawaban: c) The responsiveness of quantity demanded to a change in the price of the good itself
The term "consumer surplus" refers to:
a) The difference between the price paid by consumers and the price received by producers
b) The total amount of money spent by consumers in the economy
c) The satisfaction or utility gained by consumers from consuming a good or service
d) The profit earned by consumers from selling goods or services
Jawaban: c) The satisfaction or utility gained by consumers from consuming a good or service
