INSTITUT AGAMA ISLAM NEGERI TULUNGAGUNG

Jl. Mayor Sujadi Timur No. 46 Telp. (0355) 321513 Fax. (0355) 321656
Tulungagung - Jawa Timur
Website: www.pps.iain-tulungagung.ac.id
PASCASARJANA
Subject : English for Syariah Economics Code : Assignment 3
Credit/Fak. : 3 Time : 18.00 -20.00
Day/Date : Wednesday, 25 October 2017 Instructor : Dr. H. Nursamsu, M.Pd.

Instruction: Write your answer in A4 sized paper with 1.5 spaced line
Submission due: Wednesday, 25 October 2017 at 12 P.M

Read the text carefully.

Text

Most of the activities of our economic system is devoted to the production and consumption of
goods and services. A good is anything that satisfies a human want. The bread that we eat, the shoes
that we wear, and the houses that we live in, are all goods. Individual tastes will differ, of course.
Two conditions are necessary for the existence of a good: a human want, and a means that will
satisfy that want.
Good may be divided into two main classes; free goods and economic goods. Free goods are
those so plentifully supplied by nature that human effort is not required to obtain them. Economic
goods are those that are so scarce relative to human wants that human effort is required to obtain them.
It will be obvious to the reader that whether a good falls in the classification of free goods or
economic good will depend upon circumstances. In certain thinly populated islands untouched by
navigation, coconuts might be considered a free good. But when we consider the effort necessary to
gather and transport them, the coconuts in London are economic goods. Probably the only goods that
are free goods under nearly all circumstances are fresh air and sunshine.
A service is any nonmaterial good. The acts of the barber who cuts our hair, of the boy who
mows our lawn, and of the orchestra that plays for our enjoyment are services. For many purposes,
services need to be distinguished from material good, but since services generally consumed
simultaneously with their production, and consumption, and a considerable interval may elapses
between the production and consumption of material goods, it is sometimes convenient to draw
distinction between them.
The distinction between consumers good and producers good is based not on the character of
the goods themselves, but on the use to which they are put. Consumers goods and services are those
used directly to satisfy human wants or practically speaking, are the goods purchased by the ultimate
consumer. Producers good are those used to produce consumers goods or other producers good.
Adapted from A. Meyers Elements of Modern Economics

A. Answer the following questions based on the text above.

1. What are the conditions for the existence of a good?
2. What is the difference between free goods and economic goods?
3. In what way does a good fall in the classification of free goods or economic goods?
4. What is the distinction between consumers goods and producers goods based on?
5. What is the difference between consumers good and producers good?

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B. Change the active construction into the passive and the passive construction into the actives.
1. People have used commodities to satisfy desires and needs.
2. Taste will influence the quantity demanded.
3. Insecticides have been produced by the chemical industry for many years.
4. The company must supply the customers with goods and services.
5. Japanese industrialist are investing big amount of capital in Indonesia.

C. Fill in the blanks with the words from the list (words not LETTER)

a. complaint e. promotions h. actively

b. fund f. stabilization i. predict
c. joint ventures g. paid back j. money
d. sufficient

1. Many ____________have been operating in many parts of Indonesia

2. In the tourism sector, Indonesia has to conduct more __________ to attract tourist from all over
the world.
3. The government is ________encouraging investor to invest in West Irian.
4. Recently three Japanese manufacturers made a __________ to the World Trade Organization
about the Timor automobile.
5. Observers __________that the entry of overseas companies will have a positive impact on the
economic sector of the country.
6. The ___________will be used to improve the economic condition of the country.
7. The monopoly of Bulog is aimed at price ___________________
8. Because of the rising costs more ____________than had been expected was needed for the
operation of the plant.
9. A company needs _________ funds to obtain necessary assets such as property and building.
10. When an individual borrows money from the bank, this money must be ________ by a specific
data.

D. Match the words on the left side with those on the right side which mean the opposite (xxx-xxx).

Left Right
1. constant a. partner
2. chief b. prohibit
3. accomplish c. undervalue
4. borrow d. destructive
5. precious e. employer
6. amateur f. abstract
7. competitor g. withdraw
8. distribute h. changeable
9. permit i. professional
10. appreciate j. fail
11. labor k. worthless
12. constructive l. flexibility
13. deposit m. subordinate
14. concrete n. collect
15. rigidity o. lend