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Applied Economics Quiz 94 (20 MCQs)

Quiz Instructions

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1. New businesses means employment opportunities
2. It is refers to the value of the best forgone alternative.
3. Scarcity is the central economic problem.
4. The top gainer in the Philippine Imports in June 2020.
5. These are factors of Micro Environment except .....
6. It is whereuyers and sellers meet to exchange goods and services
7. It is a transactions made wherein goods & services go out of country made for distribution to other countries.
8. These are any goods that increases when income increases and vice versa.
9. It is the term used for satisfaction.
10. A business is classified according to its size based on the worth of the businessassets. Which among the choices below if the business total assets are worth belowPhp 1, 500, 001.
11. Corporations and small businesses focused on out-reach program and even scholarship to the poor but deserving students
12. Surgeon's scalpel
13. RELATIVE SCARCITY occurs not because the good is scarce per se and is difficult to obtain but because of the circumstances that surround the availability of the good.
14. Pedro, a grade-11 student want to increase his savings for the reason of, he wanted to buy a motorcycle that can be used to his every day journey in going to school. If you are Pedro, how can you solve the problem?
15. This is locally referred to as Panatag Shoal.
16. Garlic prices in the past months have risen because producers hoarded their supplies in their bodegas.
17. Are consuming units in an economy
18. What is the fundamental problem of economics as a discipline?
19. If a price decrease results in your expenditure on a good decreasing, your demand must be .
20. It is another significant non-price determinant of demand.
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