stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
M2 Economics Term 2 Final Exam Review Flashcards | StudBud
Explore
/
M2 Economics Term 2 Final Exam Review
M2 Economics Term 2 Final Exam Review
32 terms
·
StudBud Administration
·
1,663 plays
#review
Flashcards
32 cards
F
Practice quiz
P
Host live
L
Questions
32
Answers
1
The __________ is a factor of production by human used for the production of goods & services.
capital
discount
dividends
interest
2
Which of the following is called a
free enterprise system
?
mixed economy
socialism
communism
capitalism
3
What should you do when your consumer rights are violated?
go to police to jail the violator
tell to your friends about what happen to you
post your disappointments on Facebook
write a letter of your formal complaint
4
T
/
F:
“The word to have enough is sufficient;
sufficiency is procrastination.
F: sufficiency is moderation
F: sufficiency is collaboration
T: sufficiency is procrastination
F: sufficiency is allocation
5
What is an entrepreneur?
an individual who organizes & operates business
the organizer of grand events
the facilitator of learning
the one who buy products
6
What do you think is the result of fluctuation or changes in the economic condition?
The drop of prices of stocks and assets
Brain drain and brawn drain
There are increase of investors in the country
There are various employment opportunities in the country
7
“Investing in business with high return means
taking a high risk
.”
False: no risk
True: taking a high risk
False: taking a low risk
False: taking a moderate risk
8
It is industry that requires high level of production techniques & specialized skills.
large-scale
open-ended
small-scale
medium-scale
9
Which act aims to protect both entrepreneurs and consumers?
Trade Competition Act, B.E. 2542 (1999)
The Prices of Goods Act, B.E. 2542 (1999)
Drug Act, B.E. 2510 (1967)
Food Act, B.E. 2522 (1979)
10
The following are the causes of problems of local production of goods & services, EXCEPT one.
free and open trading
Few marketing channels
Minimal usage of technology in production
Lack of funding
11
Which of the following is an example of
wage
?
project-based payment
unit cost
diminishing interest
reimbursement
12
It means to consider what kind of goods & services can be produced from available resources.
quality control
production cost
production management
warehouse manufacturing
13
It is by putting household savings into something in the expectation of gaining a profit.
withdrawal
time deposit
investment
savings
14
How will you keep track of your monthly income and expenditure?
I will prepare a weekly menu.
I will invest my money in mutual funds.
I will record my monthly income and expenditure.
I will watch out for the upcoming sales and promotion.
15
Which is
NOT
a factor of saving?
personal spending habit
interest of profit gained from saving
the welfare of laborers
the value of money
16
Which are factors that influence prices of products?
business plan and market research
product branding and distribution
consumer wants and needs
profits and prices of competitors’ products
17
The air freight services is an example of . . .
first class production
tertiary production
primary production
secondary production
18
Choose the advantage of saving money in
commercial banks.
Ensures the safety of your money
Disclose your account information
Help you to budget your consumption
Reduce your bills to pay
19
The two types of investment.
Buy and Sell
local and international investment
Direct and indirect investment
Interest and profit
20
T
/
F
:
“
The important goal of production is to gain
enough profits with higher resources
.”
T: enough profits with plenty of resources
F: more profits with less resources
F: less profits with high resources
F: break even earnings
21
Below are the services offered by commercial banks, EXCEPT for one.
foreign currency exchange
credit card services
investment consulting services
booking and reservation
22
What is equity securities?
the production factory
the supplier of raw materials
the capital demand issues in the form of common stocks
the capital goods and services
23
It is
NOT
a factor of saving.
value of money
profit gained from saving
the welfare of laborers
personal spending habit
24
The two categories for targets of savings.
time deposit and withdrawal
price of goods and choice
profit and interest of savings
short-term and long-term saving
25
Which is a way to keep track of monthly income and expenditure?
watch out for the upcoming sale
record the monthly income and expenditure
prepare a weekly menu
invest the money in mutual funds
26
The following are factors of household investment, EXCEPT one.
the forecast of the future events
tax exemption
value of currency
income of the investor
27
The commercial banks offered the following services, EXCEPT for one.
booking and reservation
investment consulting services
credit card services
foreign currency exchange
28
Is the portion of
disposable income.
balance
saving
debt
investment
29
Which shows the importance of saving?
It serves as monetary share to orphanage.
It is use as consumer protection.
It is use as an emergency fund
It is use for daily consumption.
30
Which of the following belong to the factors that influence the production?
reservation
inventory
production
menu
31
How can you keep the balance of income between savings and expenditure?
I will utilize my resources constantly.
I will spend money wisely.
I will use credit cards.
I will loan money from the banks.
32
How to increase the amount of your savings?
spend free time earning extra income
increase the daily expenses
procrastinate in your work
compare your income with others
