Evaluation of chapter2 Economic activittes

Economics page 52-55


A. Multiple Choice

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B. Essay

Question!!
 1. Explain the definion of consumpion, production, and distribution
2. Explain the defference between consumpion, production, distribution
3. Explain the consumer behaviour with the indiffirence curve approach.
4. Explain the economic activity circular flow diagram
5. Explain the role of consumption households and consumption firms

6. Explain the role of the govermnment and society
7. Explain the role foreign customers and producers
8. Give detail Explanation on every economics entitis in an economy
9. Explain the flows formed by the interaction between consumption households and firms households
10. Explain types of incomes received by consumption households
 Answer:::
1. a).Consumption is the direct usage of goods and services to fulfill one's needs.
    b). Production is closely related to the value of goods.
    c). Distribution has a broader meaning than merely delivering goods.
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3. The indifference curve shows the combination points of (two) consumed goods that give the same satisfaction..
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7.a)Consumers are the ultimate users of goods and services.  To be able to consume those goods or services, consumers need income..
   b) Producers are those who produce goods and services, therefore their main roles are to produce various goods and services that are consumable by consumers.
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