In an Islamic economic systems, the economic decisions are

Made based on principles of Shari'ah

Choose the right meaning of consumers sovereignty?

power of consumers to determine what goods and serviced are to be produced

What are the main factors influencing the success of failure of mixed economy systems

Balanced public and private sectors

A capitalist economic system is beneficial to society because

There is production of quality products

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BASIC ECONOMY PROBLEMS

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Answers

1
In an Islamic economic systems, the economic decisions are
Made based on principles of Shari'ah
Made by the public and private sectors
Made based on price mechanism
Made due to consumers' demand
2
Choose the right meaning of consumers sovereignty?
Free market economy, involves, the privates sector making all the decisions
Centrally planned economic system, involves government making all decisions
power of consumers to determine what goods and serviced are to be produced
Combination of a public and private sectors
3
Which of the following economic systems use price as an indicator?
Capitalist economic system
Islamic economy system
Mixed economy system
Socialist economic system
4
Who makes the all decisions about production and distribution in economic system
Foreign parties
Government
Citizens
Entrepreneur
5
What are the main factors influencing the success of failure of mixed economy systems
Balanced public and private sectors
Islamic Law Compatibility and Harmonization
Market competition
Regulatory framework
6
In socialist economies, the answers to fundamental question - what, how, and for whom to produce are obtained by
Cost benefits analysis
Goverments regulations
All the above
Market forces of demand and supply
7
Choose the countries that have successfully implemented a mixed economy systems
United states
South korea
Malaysia
Thailand
8
A capitalist economic system is beneficial to society because
There is production of quality products
There is production of basic goods
There is production of permissible goods
Social welfare would be the priority
9
The economic decision in an Islamic Systems depend on
Price Mechanism
Private interest
Public and private sectors to runs the economic of activities
Principles of Shari'ah

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