A. Multiple Choice
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- Explain the definition of consumption, production, and distribution!
- Explain the difference between consumption, production, and distribution!
- Explain the consumer behavior with the indiference curve approach!
- Explain the economic activity circular flow diagram!
- Explain the role of consumption households and firms households!
- Explain the role of goverment and society!
- Explain the role of foreign custemers and producers!
- Give detail explanation on every economic entities in an economy!
- Explain the flows formed by the interaction between consumption households and firms households !
- Explain types of incomes recieved by consumption households!
- *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