This document appears to be a removal exam for applied economics. It contains multiple choice and fill-in-the-blank questions testing knowledge of key economic concepts and terms. The questions cover topics such as macroeconomics, markets, financial markets, types of goods, and the four factors of production.
This document appears to be a removal exam for applied economics. It contains multiple choice and fill-in-the-blank questions testing knowledge of key economic concepts and terms. The questions cover topics such as macroeconomics, markets, financial markets, types of goods, and the four factors of production.
This document appears to be a removal exam for applied economics. It contains multiple choice and fill-in-the-blank questions testing knowledge of key economic concepts and terms. The questions cover topics such as macroeconomics, markets, financial markets, types of goods, and the four factors of production.
This document appears to be a removal exam for applied economics. It contains multiple choice and fill-in-the-blank questions testing knowledge of key economic concepts and terms. The questions cover topics such as macroeconomics, markets, financial markets, types of goods, and the four factors of production.
I. Direction: Identify what is being referred to.Wrong spelling is wrong. No
other answers.
_______________1. It studies the functioning of economics as an aggregate
(production, employment). _______________2. They consume goods and services/offer production factors. _______________3. These are physical object that can be perceived by touch. _______________4. These are used to to satisfy the basic needs of man. _______________5. These are goods man may do without, but may give comfort and satisfaction. _______________6. It is an interaction between buyers and sellers of trading or exchange. _______________7. It is where workers offer services and look for jobs, and where employers look for workers to hire. _______________8. It also refers to producing, buying and selling real state. _______________9. What is the Greek word for small? _______________10.It is a market where securities and ownership stakes in organization and companies are bought, sold, traded, and issued. _______________11. It is where investors go to trade (buy and sell). _______________12. It includes stock market where securities of corporations are traded. _______________13. These are debt securities issued by private and public corporations. _______________14. These are called “munis”. _______________15. They produce goods/demand productive factors. _______________16. The great ideas, concepts and drive of the production managers to produce something new describe which factor of production? _______________17.The physical effort of the manpower to produce the protective devices of the front liners describes which factor of production? _______________18. It focuses on the behavior of individual economic units. _______________19. These are goods for ultimate consumption of the consumers. _______________20. These are goods for the ultimate consumption of the consumers. _______________21.These are goods which are useful and scarce. _______________22. In economics, capital typically refers to ___? _______________23. The market in which companies and households interact to buy and sell the output of goods and services. _______________24. It refers broadly to any marketplace where the trading of securities occurs. _______________25. It Is also known as the debt or the credit market.
II. Identification: Write RR if the term given is renewable resources or NR if
nonrenewable resources. No other answers.
_____26. Hydro power
_____27. Fossil fuels _____28. Geothermal power _____29. Biomass energy _____30. Wind _____31. Oil _____32. Solar _____33. Tidal energy _____34. Coal _____35. Natural gas
III. Enumeration
36-38. Types of market
39-41. Examples of financial market 42-44. The economic agents/stakeholders 45-46. Branches of economics 47-51. Kinds of goods 52-55. Factors of production