TUITION CENTER

HOME HEART HOPE (3H)

Jalan Agung Niaga III Blok G4 no. 24, Sunter, Jakarta Utara
Email : bimbel.3H@gmail.com
Instagram : @bimbel.3h

Class 9
Subject Economy
Chapter 1

Economy
1. What is the basic economic problem?
ans :
2. Please list down example of free good !
ans :
3. An olive farm in northern Italy produces organic olive oil which it sells on its website
to specialist shops around the world. An example of tertiary industry activity is …..
a. bottling the olive oil b. crushing the olive to extract oil c. growing olive trees
d. selling the oil over internet.
4. Which is not one of the three basic economic questions addressed by an economy?
a. for who should production take place?
b. how should production take place?
c. what production should take place
d. When should production take place?
5. What is the term used to describe non physical iterms, such as haircuts, bus journey and
internet access ?
(factor of production / goods / opportunity costs / services)
6. Using relevant example , explain the difference between needs and wants!
needs :

wants :
 TUITION CENTER
HOME HEART HOPE (3H)
Jalan Agung Niaga III Blok G4 no. 24, Sunter, Jakarta Utara
Email : bimbel.3H@gmail.com
Instagram : @bimbel.3h

7. Define the term public sector !

ans :
8. Explain the difference between economic goods and free goods
ans :

9. Use examples to explain how goods differ from services !

ans :

10. Explain how poverty in the real world is an example of the basic economic problem!