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M1 Economics Term 2 Final Exam Review Flashcards | StudBud
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M1 Economics Term 2 Final Exam Review
M1 Economics Term 2 Final Exam Review
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Flashcards
25 cards
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Questions
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Answers
1
The intellectual property is the works of ________ designed by people and protected by law.
illusion
invention
collection
production
2
Which of the following
is NOT
a type of Patent?
Petty patent
Invention patent
Design patent
Indirect patent
3
Which of the following is a Trademark?
symbols or logos used for goods or services
advertisement of business
identification of the company
billboard of famous eye wears
4
It refers to use of resources in economic activity such as in the production or consumption.
product distribution
opportunity cost
entrepreneurship
unit cost
5
What do you call this project of Rama IX?
Chaipattana Medium Speed Surface Aerial, Model RZ-2
Chaipattana Super Speed Saucer Aerator, Model RJ-3
Chaipattana Low Speed Surface Aerator, Model RX-2
Chaipattana High Speed Sources Aerator, Model RX-1
6
Which is a guideline to solve the economic problems of the nation?
urge to solve the problems of poverty
deposit money in your ATM
update your passbook
always study your homework
7
How to solve the economic problems of the community?
engage the community to be self-reliant in production
open your personal savings account
create pottery business
ask them to pay your bills
8
It is the ability to live independently.
self-esteem
self-reliant
self-loving
self-independence
9
Which is
NOT
an economic problem in Thailand?
lack of technology
drug addiction
lack of capital
community poverty
10
Which of the following is an aim of Economics?
to understand the economic behavior of people
to monopolize the market 24/7
to advertise problems on social media
to consume limitlessly
11
Which of the following is
NOT
a role of financial institution?
save and provide credit for people
using tax of people for the country
the center in conducting financial transaction
take deposit from people
12
What can we say about this graph?
shows relationship between the demand & the price of goods
shows relationship between the demand and supply
there's nothing in here
shows relationship between goods & unit cost
13
It means utilization of goods and services to satisfy human’s demand.
utilization
consumption
production
manufacture
14
Why do producers have to make a product advertisement?
so that customers know that their products are worth buying
to encourage producers to invest international
collect survey for the development
so that the consumers will not change
15
It means no single entrepreneur can produce goods to satisfy every consumer.
economic freedom
economic evolution
economic dependence
economic independence
16
What is the law that explains the relationship between the quantities of goods or services.
Law of price
Law of supply
Law of demand curve
Law of demand
17
The income of entrepreneurs come from _______ goods and services.
buying
sharing
teaching
selling
18
Geographical indication and Trade secrets are examples of . . .
consumer protection
industrial property
intellectual property
copyright protection
19
Which is a human resource that uses its own physical power to produce goods and services?
land
cash
price theory
labor
20
How to prevent the violation of intellectual property?
own a property that is not yours
create the awareness of its importance
do action when only needed
advertise business trends
21
Which is a project under Royal Patronage?
Little Scientist Project
Thai Encyclopedia Project for Youth
Service for Peace Project
Culinary Club of Thailand
22
Which
DOES NOT
belong to the levels of importance of economics?
political level
producer level
country level
personal and household level
23
It refers to the want of goods & services of the consumers who are willing to buy.
cost
quantity
demand
price
24
Which bank provides credits for people to own their own homes?
Pawnshop
Government Housing Bank
Islamic Bank of Thailand
Life Insurance Company
25
It means the preparation to cope with the changes in various aspects.
metamorphosis
moderation
reasonableness
self-immunity
