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Ch. 3 Practice Test

Description

Practice test from page 103 - 104.
Teacher Scott
Quiz by Teacher Scott, updated 5 months ago
Teacher Scott
Created by Teacher Scott 5 months ago
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Resource summary

Question 1

Question
What do you call the money you receive for doing your job?
Answer
  • income
  • savings
  • investment (การลงทุน)
  • expenditure

Question 2

Question
Which one is NOT a productive resource?
Answer
  • capital
  • land
  • consumer
  • entrepreneur

Question 3

Question
Which one is an intangible product?
Answer
  • food
  • house
  • transportation (Grab service)
  • clothes

Question 4

Question
Ken's mother grows lemons at home. What role does Ken's mother play?
Answer
  • producer
  • consumer
  • buyer
  • seller

Question 5

Question
What will happen if a family's household income is more than their expenditure?
Answer
  • The family will have debts.
  • The family will have savings.
  • The family will not have enough money to spend.
  • The family will have to borrow (ขอยืม) money from other people.

Question 6

Question
Who determines (makes or decides) the price of goods and services?
Answer
  • buyers
  • sellers
  • both buyers and sellers
  • the government (รัฐบาล)

Question 7

Question
What would a wise (smart) consumer do?
Answer
  • Compare prices and the quality of goods before buying.
  • Bargain (หักคอ) for the cheapest price.
  • Buy only expensive (แพง) and branded goods.
  • Make friends with traders to get discounts and free gifts.

Question 8

Question
What is the process whereby goods are used by people?
Answer
  • production
  • consumption
  • trade
  • exchange

Question 9

Question
Whose occupation involves the buying and selling of goods?
Answer
  • police
  • farmer
  • trader
  • housewife (mother)

Question 10

Question
Which of the following is NOT a way to save money?
Answer
  • Buying expensive things
  • depositing money into the bank
  • putting spare (extra) coins into a savings box (piggy bank)
  • giving money to your mother for safekeeping
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