Network
The term "exchange rate" refers to:
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 "economic growth" mean?
a) The increase in population in an economy
b) The increase in the overall level of prices
c) The increase in the total value of goods and services produced in an economy
d) The increase in government spending
Jawaban: c) The increase in the total value of goods and services produced in an economy
The term "fiscal policy" refers to:
a) The control of the money supply by the central bank
b) The government's decisions regarding taxation and spending
c) The regulation of financial markets
d) The international trade policies of a country
Jawaban: b) The government's decisions regarding taxation and spending
What is the meaning of the term "equilibrium" in economics?
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 "externalities" refer to?
a) The costs or benefits that are not reflected in the market price of a good
b) The costs or benefits incurred by the government
c) The costs or benefits incurred by individuals in a market
d) The costs or benefits incurred by producers in an industry
Jawaban: a) The costs or benefits that are not reflected in the market price of a good
The term "elastic demand" means:
a) A small change in price leads to a large change in quantity demanded
b) A large change in price leads to a small change in quantity demanded
c) The quantity demanded is not affected by changes in price
d) The quantity demanded is equal to the quantity supplied
Jawaban: a) A small change in price leads to a large change in quantity demanded
Baca Juga: 100 Soal UAS UT Riset Operasi ADBI4530, Contoh Soal UTM UT Riset Operasi Untuk Persiapan Ujian
What is the definition of "factor of production"?
a) The monetary value of all goods and services produced in an economy
b) The inputs used in the production process, such as land, labor, and capital
c) The profit earned by a company
d) The total value of a country's exports minus imports
Jawaban: b) The inputs used in the production process, such as land, labor, and capital
