28 Questions
What is the purpose of the message in the text?
To warn against editing the file as changes will not be saved
What does 'ACHTUNG!' in the text most likely indicate?
Urgent attention or warning
What is the purpose of the 'email' field in the text?
To indicate the email address associated with the file
What is the primary focus of economics?
Studying how society manages its scarce resources
According to the text, what does scarcity lead to?
Inability to produce all goods and services
What does the study of economics enable people to understand?
People, businesses, markets, and governments
How are resources allocated in most societies, according to the text?
Through the combined actions of millions of households and firms
What is the primary focus of managerial economics?
Applying management theories, economic principles, and mathematical methods to business decision-making
What are the subjects and objects in the context of economic management?
Subjects: organizations and individuals at upper-level management; Objects: organizations and individuals at lower level
What are the characteristics of economic management?
Equivalent to both science and art, operates based on the authority of the managers, and has a two-sided nature
What is the role of economic management?
Mobilize and allocate resources effectively, and fix market failures
What does efficiency in economic management primarily focus on?
Resource usage and low waste
What are the methods of economic management?
Administrative method, economic method, and educational method
What are the general requirements for applying economic management methods and tools?
Conduct analysis of the current state of the economy, evaluate the impact of selected methods and tools, and determine the level of compatibility between management goals and used tools
What are the levels of social systems mentioned in the text?
Individual, family, organization, community, industry, etc
What are the tools of economic management?
Legislation tools and planning tools
What is the practical nature of economic management?
Operates based on the authority of the managers
What does gross output (GO) measure?
Total economic activity, including the production of new goods and services
What is the primary focus of sustainable economic development?
Stable economic growth, social improvement and justice, and the reasonable exploitation of natural resources
What does per capita income measure?
The amount of money earned per person in a nation or geographic region, accounting for population changes
What is the relationship between economics, culture, and politics according to the text?
Economics is the basis and condition for the formation and development of culture and politics
What is the measure of the total domestic and foreign value added claimed by residents at a given period in time, expressed in international dollars using purchasing power parity rates?
Gross National Income (GNI)
What is the primary goal of management according to the text?
To direct the organization, command, coordinate, and inspect activities to achieve its goals
What does GDP represent?
The value added through the production of goods and services in a country during a specific period
What is the focus of economic development according to the text?
Progress in both quantitative and qualitative aspects of an economy, addressing economic and social issues
What is the measure of the increase in an economy's income over a certain period of time?
Economic growth
What is the goal of economic development according to the text?
Comprehensive development, emphasizing rapid growth, equality, and social justice
What is the measure of the total economic activity, including the production of new goods and services, and is broader than GDP?
Gross Output (GO)
Study Notes
Economic Development and Its Impact on Society
- Economic development encompasses progress in both quantitative and qualitative aspects of an economy, addressing economic and social issues in each country.
- Sustainable economic development involves stable economic growth, social improvement and justice, and the reasonable exploitation of natural resources to protect and improve quality of life.
- Economic growth is the increase in an economy's income over a certain period of time, measured by gross output (GO), gross domestic product (GDP), gross national income (GNI), and per capita income.
- Gross output (GO) measures total economic activity, including the production of new goods and services, and is broader than GDP, which is mainly limited to final output.
- GDP represents the value added through the production of goods and services in a country during a specific period.
- GNI measures the total domestic and foreign value added claimed by residents at a given period in time, expressed in international dollars using purchasing power parity rates.
- Per capita income is a measure of the amount of money earned per person in a nation or geographic region, accounting for population changes.
- Vietnam has chosen the direction of comprehensive development, emphasizing rapid growth, equality, and social justice.
- The relationship between economics, culture, and politics is intertwined, with economics being the basis and condition for the formation and development of culture and politics.
- Culture is developed based on history and supported by the economy, and economic decisions and reasoning may be heavily influenced by cultural differences.
- Economic development creates material conditions and sources of living for political stability and cultural development, and must go along with cultural development, political stability, and solving social problems.
- Management is a goal-oriented and process-oriented activity that can direct the organization, command, coordinate, and inspect activities to achieve its goals.
This quiz tests your knowledge of German phrases. See how well you understand the language by identifying the meaning of the given phrase.
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