Applied Economics whole Quarter 1 quiz.pptx

applied economics quarter 1

1. QUIZ Prepared by: Ms. Kim Danica E. Miguel

2. MULTIPLE CHOICE 1.Which type of market structures which is more competitive and many sellers/producers competing each other with the same products? A. Monopoly B. Oligopoly C. Monopolistic competition D. Perfect competition

3. MULTIPLE CHOICE 2. Which type of market structures which is less competitive and only one few firm enjoys the activity in the market? A. Monopoly B. Oligopoly C. Monopolistic competition D. Perfect competition

4. MULTIPLE CHOICE 3. The following are the causes of migration except: A. Higher Salary B. Prosperity C. Poverty D. Unemployment

5. MULTIPLE CHOICE 4. Which organizational characteristics that establishes interrelationships between the buyers and sellers in a particular market? A. Market Structures B. Products C. People D. Seller

6. MULTIPLE CHOICE 5. These are examples of investment EXCEPT _________________. A. Machines, Equipment, Tools used in the operation of the business B. Land, Building, Commercial Space for the business. C. Human resources such as waiters, product specialists, cashiers, security guard etc. D. Expensive technologies inappropriate for the business.

7. MULTIPLE CHOICE 6. According to the labor law, employers must give his/here employees at least the minimum wage, minimum wage is defined as ___________________. A. The minimum amount of money being paid to employees common to a particular region. B. The minimum benefits being given to employees common to a particular region. C. The minimum amount of work being given by the employers to his/her employees common to a particular region. D. The minimum amount of time being paid to employees common to a particular region.

8. MULTIPLE CHOICE 7. Tax is one of the entrepreneur’s obligations which is the _______ financial charge or some other type of levy imposed upon a taxpayer. A. Conditional B. Occasional C. Compulsory D. Special

9. MULTIPLE CHOICE 8. The fixed amount of money paid or received regularly for the use usually of business space is called ___________________. A. Taxes B. Rent C. Wage D. Interest rate

10. MULTIPLE CHOICE 9. Which statement is beneficial to an employee? A. Higher wage with minimal benefits. B. Higher wage with the maximum benefits an employer can offer. C. Minimum wage with minimum benefits D. Lower wage with minimum benefits.

11. MULTIPLE CHOICE 10. All the statements below is the given definition of Investment EXCEPT _____________. A. It can be an asset also or item acquired with the goal of generating income or appreciation. B. An investment is the purchase of goods that are not consumed today but are used in the future to create wealth. C. An investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit. D. An investments can be taken from any barrowed capital with higher interest rates.

12. MATCHING TYPE