German Phrase Translation Quiz

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Questions and Answers

What is the purpose of the message in the text?

To inform about the possibility of saving changes

To warn against editing the file as changes will not be saved (correct)

To request sharing of the file with others

To encourage editing the file for better results

What does 'ACHTUNG!' in the text most likely indicate?

Urgent attention or warning (correct)

File size or capacity

File format or type

File creation date

What is the purpose of the 'email' field in the text?

To request feedback on the file

To display the file creator's email

To provide a link to the file

To indicate the email address associated with the file (correct)

What is the primary focus of economics?

Studying how society manages its scarce resources Signup and view all the answers

According to the text, what does scarcity lead to?

Inability to produce all goods and services Signup and view all the answers

What does the study of economics enable people to understand?

People, businesses, markets, and governments Signup and view all the answers

How are resources allocated in most societies, according to the text?

Through the combined actions of millions of households and firms Signup and view all the answers

What is the primary focus of managerial economics?

Applying management theories, economic principles, and mathematical methods to business decision-making Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers

What is the role of economic management?

Mobilize and allocate resources effectively, and fix market failures Signup and view all the answers

What does efficiency in economic management primarily focus on?

Resource usage and low waste Signup and view all the answers

What are the methods of economic management?

Administrative method, economic method, and educational method Signup and view all the answers

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 Signup and view all the answers

What are the levels of social systems mentioned in the text?

Individual, family, organization, community, industry, etc Signup and view all the answers

What are the tools of economic management?

Legislation tools and planning tools Signup and view all the answers

What is the practical nature of economic management?

Operates based on the authority of the managers Signup and view all the answers

What does gross output (GO) measure?

Total economic activity, including the production of new goods and services Signup and view all the answers

What is the primary focus of sustainable economic development?

Stable economic growth, social improvement and justice, and the reasonable exploitation of natural resources Signup and view all the answers

What does per capita income measure?

The amount of money earned per person in a nation or geographic region, accounting for population changes Signup and view all the answers

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 Signup and view all the answers

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) Signup and view all the answers

What is the primary goal of management according to the text?

To direct the organization, command, coordinate, and inspect activities to achieve its goals Signup and view all the answers

What does GDP represent?

The value added through the production of goods and services in a country during a specific period Signup and view all the answers

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 Signup and view all the answers

What is the measure of the increase in an economy's income over a certain period of time?

Economic growth Signup and view all the answers

What is the goal of economic development according to the text?

Comprehensive development, emphasizing rapid growth, equality, and social justice Signup and view all the answers

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) Signup and view all the answers

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.