10 Questions
In your own words, what is production?
The process of creating goods and services
Who is considered 'society' in the definitions of economic systems?
Individuals
In your own words, what is distribution?
The process of selling goods and services
In your own words, what is consumption?
The process of buying goods and services
What is the difference between a good and a service?
A good is tangible, while a service is intangible
Ano ang ibig sabihin ng "trade-offs" sa ekonomiks?
Ang pagbibigay ng isang aspeto o halaga para sa isa pang aspeto o halaga
Ano ang ibig sabihin ng "opportunity cost" sa ekonomiks?
Ang halagang ipinapalit ng isang tao para makuha ang isang bagay
Ano ang ibig sabihin ng "rasyonal na tao" sa ekonomiks?
Ang taong nag-iisip ng maayos at gumagawa ng desisyon batay sa layunin
Ano ang ibig sabihin ng "incentives" sa ekonomiks?
Mga pampasigla na nagpapabago sa kilos o desisyon ng mga tao
Ano ang ibig sabihin ng "marginal thinking" sa ekonomiks?
Ang proseso ng pag-aaral at pagsasaalang-alang ng dagdag na benepisyo at gastos ng isang desisyon
Test your knowledge on mixed and market economies in this Grade 9 Social quiz. Explore the definitions of economic systems and understand the roles of production, distribution, and consumption. Discover why products like iPhones come with a hefty price tag. Challenge yourself to answer questions on society's role in economic systems. Don't miss the opportunity to enhance your understanding of quality of life and its relation to the economy.
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