BASIC ISLAMIC ECONOMICS
What is the meaning of tazkiyah?
The day of judgement.
God's unity and sovereignty.
God's vicegerent on the earth.
Scarcity in Islamic economics is caused by
limited resources and unlimited wants
unlimited wants and resources
improper wants and distribution
improper use and imbalanced distribution
Which of the following are secondary sources for Islamic economics?
Al-qiyas and al-ijma'.
Al-Quran and al-qiyas.
Al-Quran and as-Sunnah.
Al-ijma' and as-Sunnah.
Redwear Sdn Bhd is a clothes manufacturing company which produces 500 shirts per month. Target clothes market for children is between the age of 3 to 7 years old.Based on statement, how does Islamic economics solve the basic economics problem?
Choose the cheapest method production and maximizing the output and profit.
Choose the minimize production costs and maximize the output and profit.
Choose the most efficient techniques and try to minimize production costs.
The government choose the techniques to be used in the production of different goods and services.
Islamic economic focuses on
study of man's activities to use and manage the economic resources
studies of economic problem of a people imbued with the values of Islam
studies of human behaviour as a relationship between ends and scarce
study of history and theory to analyse human needed based on daily routine of man
There are 5 questions to complete.