Introduction to Economics

I&S - Economics
IB MYP Year 5

CROSSWORDS
Complete the crossword puzzle.
[10 points]

MATCHING. Match the case to the event in the circular flow diagram by encoding its corresponding number in the box before
the case. [7 points]

● David buys airpods in ibox for

IDR 2.5 mio.
● Emily earns IDR 50K per hour
entering data at AC Nielsen.
● Jay pays his income tax.
● Cara receives IDR 100 bio in
profits from her half-ownership of
a cosmetic brand.
● Gigi makes decorative pillows
that she sells for IDR 250K.
● Uh-C-Nun Food Inc. hires 100
new employees.
● The National Park Service opens
2 new campgrounds in Gunung
Gede Pangrango National Park.

MULTIPLE CHOICE 3. The four factors of 5. There are 3 questions 7. The idea that the
[8 points] Circle the answer. production are the resources we must answer to solve government should stay
1. A business has no of land, capital, scarcity. Which is NOT out of economic matters:
competition, it controls the entrepreneurship, and: one? a. Free enterprise
market: a. Labor a. What to produce b. Laissez-faire
a. Monopoly b. Productivity b. How to produce c. Profit motive
b. Anti-trust law c. Services c. How much to produce d. Social contract
c. Command d. Technology d. For whom to produce 8. When prices of a good
d. Restrictive 4. This branch of Economics 6. This type of economy or service rise, it is a
2. Exists when the deals with individual has the MOST economic signal to the producer to:
quantity supplied is consumer & business choice. freedom: a. leave the market
greater than the demand: a. Microeconomics a. Market b. Produce less
a. Surplus b. Macroeconomics b. Command c. Produce more
b. Shortage c. International Economics c. Mixed d. Keep production the
c. Equilibrium d. Development Economics d. Traditional same
d. Inflation