Economic Models
Economic Tools
Economic Data
Economic Analysis
Business Organization
100

It is defined as a representation of an idea or a theory which reflects real-world situations and is founded on sound economic analysis.

Economic models

100

is a diagram of how one variable relates to another.

graph

100

The very foundation of economic analysis

data

100

It refers to the study in which subjects are observed during a single period.

Cross- Sectional Series Analysis

100

a business organization where the proprietor is the main decision maker and is solely responsible for the management of the business

Sole Proprietorship

200

an underlying premise taken into consideration for the claims of the model to be valid.

Assumption

200

is a simplified representation of data.

chart

200

 It is a statistical process of determining the possible relationship between two or more variables.

Regression analysis

200

It refers to descriptive or unstructured study.

Qualitative Analysis

200

is a form of business organization that is jointly owned and managed by its members.

Cooperative

300

 a Latin phrase which literally translates to “other things equal” and is used frequently in economic analyses to explain the variables that are held constant or assumed to be unchanged

ceteris paribus

300

Give 3 examples of different charts

line graph, horizontal bar charts, pie charts, histogram

300

It is the reproduction of real-life scenarios to test the effectiveness of an idea or concept before implementation.

Simulation

300

short for quantitative analyst. 


quant

300

is defined in the Corporation Code of the Philippines as “an artificial being created by operation of law, having the right of succession and the powers, and attributes and properties expressly authorized by law or incident to its existence.

Corporation

400

What is Consumption Choice Theory?

assumes that consumers are rational individuals who would prefer choices that would maximize their utility.

400

an be defined as a mathematical expression showing the association of variables, or simply how variables “equate” to one another. 

equation

400

A sample of Simulation named after the renowned gambling district in Monaco, an independent sovereign in Western Europe.

Monte Carlo Simulation

400

It is an approach means assessing the aggregate or nationwide coverage of the study.

Macroeconomic Approah

400

What agency in the government facilitates the business registration of sole proprietorships.

Department of Trade and Industry

500

Why Economic Models are important in economic research? Explain

500

three commonly used economics and statistical programs. 

Stata, EViews, and R.

500

Data analysis that is driven by the approach to be taken may either be _____, ______

deductive and inductive

500

Economic statements may be classified as_______, _______

positive and normative

500

What are the three main business organization and which agency of the government they went to for registration?

Sole Proprietorship - DTI, LGU, BIR, SSS

Partnerships- SEC

Corporations - SEC

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