Removal Exam For Applied Economics Name: - Year/Section

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Removal Exam for Applied Economics

Name:_____________________________ Year/Section: _______

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

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