1.A
2.C
3.E
4.E
5.D
6.C
7.D
8.A
9.D
10.A
B. Essays
Answer the folowing question briefly
1. State and explain the reasons behind the scarcity of resources and goods/services
2. In your own words, explain what scarcity is.
3. Explain resource alocation using the PPF curve
4. Explain how to make choises rationally.
5. What are the different kinds of human needs? Please explain.
6. Explain about the fundamental economic problem are
7. Compare between mixed economic system and centralized economic system.
8. What are the advantageous disadvantageous of centalized eonomic system? please explain.
9. In your opinion, does traditional economic system still exist in this world? Elaborate.
10. In your opinion, what economic system is adopted in indonesia? Elaborate.
1. -Natural disasters, like tsunami, earthquake, and flood, destroy the resources, so that they cannot be
utilized.
-Wars also one of the main reasons behind scarcity.Civil War in Sudan, for instance, has caused famine
and starvation
and starvation
-Human behaviour toward natural resources also has impact on resource scarceness, which in turn can
cause scarcity of goods and services.Illegal logging is one of the examples.
cause scarcity of goods and services.Illegal logging is one of the examples.
-The various arrays of needs.Human needs are continuously developed.It is a human nature, that we,
human, always feel insufficient.
2. Scarcity is a situation where existing resources or in any public offer to all its citizens but still less than or
not comparable to what they want.
human, always feel insufficient.
2. Scarcity is a situation where existing resources or in any public offer to all its citizens but still less than or
not comparable to what they want.
3. Production possibility curve is a curve that describes the various combinations of output that may be produced by an economy with production factors (resources) are available.
4. a. identify whether that will be fulfilled is the need or desire.
b. identify drivers to meet demand.
c. do the costs and benefits in meeting needs.
d. realizing the opportunity cost that if a need is filled with opportunity cost of other needs unmet
5. - Needs according to the intensity of their usefulness
- Needs according to the form and nature
- Needs according to the time
- Needs according to the subject that requires
- Needs according to the form and nature
- Needs according to the time
- Needs according to the subject that requires
6. principal economic problem is the main problem faced by every economy. basically the main economic
problem is almost identical in every economy is the principal economic problems are as follows:
problem is almost identical in every economy is the principal economic problems are as follows:
1. what should be produced?
2. how to produce it?
3. to whom the goods or services produced?
7. Mixed economic system is an economic system that is controlled and supervised by the government but the
society still had ample freedom to determine the economic activities that wish to run while the centralized
economic system is an economic system is telaksana under central command authority or central
government.
society still had ample freedom to determine the economic activities that wish to run while the centralized
economic system is an economic system is telaksana under central command authority or central
government.
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