Teacher Scott
Quiz by , created 13 days ago

Practice test from page 103 - 104.

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Teacher Scott
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Ch. 3 Practice Test

Question 1 of 10

1

What do you call the money you receive for doing your job?

Select one of the following:

  • income

  • savings

  • investment (การลงทุน)

  • expenditure

Explanation

Question 2 of 10

1

Which one is NOT a productive resource?

Select one of the following:

  • capital

  • land

  • consumer

  • entrepreneur

Explanation

Question 3 of 10

1

Which one is an intangible product?

Select one of the following:

  • food

  • house

  • transportation (Grab service)

  • clothes

Explanation

Question 4 of 10

1

Ken's mother grows lemons at home. What role does Ken's mother play?

Select one of the following:

  • producer

  • consumer

  • buyer

  • seller

Explanation

Question 5 of 10

1

What will happen if a family's household income is more than their expenditure?

Select one of the following:

  • 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.

Explanation

Question 6 of 10

1

Who determines (makes or decides) the price of goods and services?

Select one of the following:

  • buyers

  • sellers

  • both buyers and sellers

  • the government (รัฐบาล)

Explanation

Question 7 of 10

1

What would a wise (smart) consumer do?

Select one of the following:

  • 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.

Explanation

Question 8 of 10

1

What is the process whereby goods are used by people?

Select one of the following:

  • production

  • consumption

  • trade

  • exchange

Explanation

Question 9 of 10

1

Whose occupation involves the buying and selling of goods?

Select one of the following:

  • police

  • farmer

  • trader

  • housewife (mother)

Explanation

Question 10 of 10

1

Which of the following is NOT a way to save money?

Select one of the following:

  • 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

Explanation

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