stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Chapter 1, 2 ECO162 Flashcards | StudBud
Explore
/
Chapter 1, 2 ECO162
Chapter 1, 2 ECO162
14 terms
·
StudBud Administration
·
367 plays
Imported from external platform
Flashcards
14 cards
F
Practice quiz
P
Host live
L
Questions
14
Answers
1
Point C is
efficient and attainable
scarcity and not attainable
inefficient and attainable
2
Which of the following aspects is a concern of the islamic economic system?
less government intervention
less economic freedom
production of goods based on classification of goods
serving private interest
3
which of the following pairs are complements
pen and ink
butter and margarine
cotton blouse and cotton silk
tea and coffee
4
When consumer' income increase, it will
shift demand
to the
left
right
5
The ppc curve below is decreasing opprtunity cost
True
False
6
I can get A in ECO162
YES
No
7
As the price of a normal good decrease, the quantity demanded will
decrease
be certain
increase
be unchanged
8
Determinants of supply
cost of factors of production
number of buyer
level of technology
number of suppliers
9
Which of the following goods is
necessity goods
hajjiyah
kamaliyyah
tarafiyyah
dharuriyyah
10
The curve below show
change in demand
Change in quantity demanded
11
When
income increase
, demand for
good Y reduce
. Thus good Y is
luxury good
inferior good
normal good
complementary good
12
Government
makes all important decisions
mixed economy
islamic economy
socialist
capitalist
13
Assumption of PPC except
two goods
full employment
change in technology
fixed resources
14
Economics
concepts
what, how, for whom, and how to produce
scarcity, choice, opportunity cost
