ECONOMICS Evaluation of Chpter 2

A. Multiple Choice

1. C
2. B
3. B
4.  
5. C
6. D
7. B
8. A
9. A
10. D

B. Essay

1. Explain the definition of consumption, production, and distribution!
2. Explain the difference between consumption, production, and distribution!
3. Explain the consumer behavior with the indiference curve approach!
4. Explain the economic activity circular flow diagram!
5. Explain the role of consumption households and firms households!
6. Explain the role of goverment and society!
7. Explain the role of foreign custemers and producers!
8. Give detail explanation on every economic entities in an economy!
9. Explain the flows formed by the interaction between consumption households and firms households !
10. Explain types of incomes recieved by consumption households!

Answer

1. *consumption is the utilization of all goods and services to meet the needs of economic value of life is planned in accordance with priorities. *Production