Education of the republic uzbekistan jizakh polytechnic institute

MINISTRY OF HIGHER AND SECONDARY SPECIALIZED
EDUCATION OF THE REPUBLIC UZBEKISTAN
JIZAKH POLYTECHNIC INSTITUTE
2^nd semester Final Examination paper


General instruction: The question paper is divided into two sections. The first section includes 5 multiple choice questions, and 2 True/False questions and each true answer brings 10 points. In the next section you are given open questions where students should write down their answers on a paper and also marked 10 point each. Accumulated score: 100 point.

SECTION: A

Date: 8 of June 2023 Group: _________________

Student’s full name ___________________________________________

1. 
   What is the purpose of wealth viewpoint?
   

1. 
   To gain maximum wealth as possible
   
2. 
   Study of man in the ordinary business of life.
   
3. 
   It focused on human behavior in the optimum utilization of scarce resources
   
4. 
   A study of how men and society choose with or without the use of money, to employ scarce productive uses resource which could have alternative uses to produce various commodities.
   

2. 
   Which of the following is considered as a reason factors of production?
   

1. 
   Land, Labor, Capital
   
2. 
   Labor, Capital, Enterprise
   
3. 
   Land, Labor, Enterprise
   
4. 
   Land, Labor, Capital and Enterprise
   

3. 
   Which of the following is not incurred to renewable energy?
   

1. 
   Solar energy
   
2. 
   Wind energy
   
3. 
   Nuclear energy
   
4. 
   Biomass energy
   

4. 
   Mark the true answer. What is production?
   

1. 
   It’s the process of preparing raw materials for production.
   
2. 
   It’s the process of combining various material inputs in order to make goods
   
3. 
   It’s the process of choosing goods for consumption
   
4. 
   It’s the process of combining various material inputs in order to consume industrial goods.
   

5. 
   What is the FMCG?
   

a) Fast moving component goods
b) Fast moving consumer goods
c) Fast moving computer games
d) Fast moving company goods

6. 
   The price at which quantities are supplied remains the same at all locations
   

a) True
b) False

7. 
   National market - the place where both demand and supply of s product cover the entire country.
   

a) True
b) False

SECTION:B

8. 
   Highlight the type of main resources deployed in production.
   

9. 
   What is the difference of Microeconomics between Macroeconomics?
   

10. 
    What is the demand? Explain it by giving any example
    

Bonus question: What could be included as capital resource?