Question and answer for students;

1.
What is economics?
2.
What is the meaning of scarcity?
scarcity means that society has a limited amount or resources and
because of that cannot produce all the goods and services people would
like to have.
It basically means that everyone can not have everything that you would
like to have because there is not enough to go around.

3.
What is the similarity between
economics and sociology?

1. They both study the actions of groups of people rather than indivduals (economics
focuses specifically on financial actions).
2. They are both "inexact sciences", because they deal primarily with statistics and
demographics rather than fixed constants.
3. While they can forecast the actions of an individual based upon the demographic
group to which they belong, neither can be applied reliably to the actions of an
individual.
Probably more similarities, but without digging into the histories of the disciplines,
these are the most obvious.

4.
What does economics identifies?
5.
What is an economy?
6.
What does economics concern?
7.
How many people are employed by
the US economy businesses?
8.
Who wants goods and service?
9.
What is used for producing goods
and service?
10. What is the difference between
economics and economy?
11. What is the meaning of resource?
resource is something that is ready to use if or when it is needed.

12.

What is the meaning of allocation?

The systematic distribution of a limited quantity resources over various

time periods, products, operations, or investments.

13.

What is the meaning of efficiency?

DEFINITION of 'Efficiency'
A level of performance that describes a process that uses the lowest amount of inputs to
create the greatest amount of outputs. Efficiency relates to the use of all inputs in producing
any given output, including personal time and energy.

14.

What is the meaning of service?

15.

What is the meaning distribution?

A type of economic activity that is intangible, is not stored and does not
result in ownership. A service is consumed at the point of sale. Services
are one of the two key components of economics, the other being goods.
Examples of services include the transfer of goods, such as the postal
service delivering mail, and the use of expertise or experience, such as a
person visiting a doctor.

Distribution means to spread the product throughout the marketplace such

that a large number of people can buy it.

16. What is the meaning of

consumption?
consumption

DefinitionAdd to FlashcardsSave to FavoritesSee Examples

The process in which the substance of a thing is completely destroyed, used up,
or incorporated or transformed into something else. Consumption of goods and
services is the amount of them used in a particular time period.

17. What is the meaning of goods and

service?

Goods and services represent an important term in basic economics.

Goods are tangible things that can be consumed, such as clothes and
food. Services are actions people perform, such as haircuts or cleaning
services.
Read more : http://www.ehow.com/facts_5890376_definition-goodsservices-economics.html

Please make question for the

following answers.
18. . . . An economy or economic system
consists of the production, distribution or
trade, and consumption
19. . . . Transactions occur when two
parties agree to the value or price of the
transacted good or service, commonly
expressed in a certain currency.
20. . . . In the past, economic activity
was theorized to be bounded by natural
resources, labor, and capital.
21. . . . The largest national economy in
the Americas is the United States,[1]
Germany in Europe,[2] Nigeria in
Africa[3] and China in Asia.[4]
22. . . . A market-based economy is
where goods and services are produced
without obstruction or interference, and
exchanged according to demand and
supply between participants (economic
agents) by barter.
23. . . . Market based economies require
transparency on information, such as
true prices, to work, and may include
various kinds of immaterial production.
24. . . . no, there is no mechanism to
manage the information (prices) about

the systems natural supply and demand

dynamics.
25. . . . because Bank Mandiri has a
number of tools that give it an insight
into the current economic conditions.
26. . . . Bank Mandiris economic cycle
analysis model has produced two types
of composite indices: the Mandiri
Leading Economic Index (MLEI) and the
Mandiri Coincident Economic Index
(MCEI).
27. . . . it stands for gross domestic
product.
28. . . . because it was as a result of the
global economic slowdown.
29. . . . In 2009, however, economic
growth became sluggish, posting a
figure of 4.6 percent (YoY), dragged by
a fall in the prices of most plantation,
mining and industrial commodities.
30. . . . The growth of Indonesias
economy during 2008-2013 was
consistent with Bank Mandiris MLEI.

Indonesia is a country that contains great economic

potential; a potential that has not gone unnoticed to part
of the international community. Indonesia - Southeast

Asia's largest economy - is increasingly mentioned as

an appropriate candidate to be included in the BRIC
countries (Brazil, Russia, India and China) as the
country is rapidly showing signs of similar newly
advanced economic development. Recently, a new set
of emerging economies has gained public attention.
Members of this set are countries that contain promising
markets
with
diverse
economies, reasonably
sophisticated financial systems and fast-growing
populations. These countries are grouped under the
acronym CIVETS (Colombia, Indonesia, Vietnam,
Egypt, Turkey and South Africa), and its combined
Gross Domestic Product is predicted to account for half
the global economy by 2020.
Another important example of international recognition
regarding Indonesia's economy is the recent upgrades in
the country's credit ratings by international financial
services companies such as Standard & Poor's, Fitch
Ratings and Moody's. Resilient economic growth, low
government debt and prudent fiscal management have
been cited as reasons for the upgrades and are key in
attracting financial inflows into Indonesia: both
portfolio flows and (significant increasing) foreign
direct investments (FDI). These FDI inflows, which had
been relatively weak for Indonesia during the decade

after the Asian Financial Crisis had seriously shaken up

the foundations of the country, showed a steep increase
after the global financial crisis of 2008-2009.
What are Indonesia's strong points that explain
increasing foreign investments and the recent
macroeconomic growth?
Abundant and diverse natural resources
Young, large and burgeoning population
Political stability (relatively)
Prudent fiscal management since the late 1990s
Strategic location in relation to the giant economies of
China and India
Low labour costs
Indonesia, a market economy in which the state-owned
enterprises (SOE) and large private business groups
(conglomerates) play a significant role, thus shows a
number of highly positive features at the beginning of what can become - a period of substantial economic
development. However, it should also be pointed out
that Indonesia is a complex country that contains
certain risks for investments and experiences
difficulties within the framework of its unique dynamics
and context. In order to be aware of the risks involved
we advise you to read our Risks of Investing in

Indonesia section and to keep track of Indonesia's latest

economic, political and social developments through
our News section, Business section and Finance
section.

Please find the word from the text above to fill up the
box below.
N
O

Subject
Pronoun

Objectiv adjectiv Adverb Noun

e
e
Pronoun

Please summarize the text above in not more than 10

sentences.

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