Nandito
A social institution that organizes the production, distribution, and consumption of goods and services are the resources that individuals, groups, organizations, and nations need to survive
a.) Macroeconomics
b.) Economics
c.) Microeconomics
d.) Environmental Economics
b.) Economics
A sustained increase in general price level of goods and services in an economy over a period of time
Inflation
A period where economic development is at its lowest.
Recession
Is the fraudulent or dishonest conduct done by those in power.
Corruption
The populace that are skilled but are unable to find a job.
Unemployed
The two main branches in economics
Microeconomics
Macroeconomics
Price fluctuations of a commodity usually measured by the day to day percentage differences in the price.
Volatile Prices
Described as helping children develop the skills to function effectively in the global economic world
Economic socialization
Can by applied throughout society, in business, finance, health care and government
Economic analysis can be applied throughout any of these except one
a.) Business
b.) Government
c.) Religion
d.) Housing
d.) Housing
Not an arrangement or structure that is part of economic institution
A. COMPETITIVE MARKETS
B. THE BANKING SYSTEM
C. CUSTOMARY TIPPING
D. CASTE SYSTEM
D (Caste System)
The tools of economics to the studies of cities
Urban Economics
The economic issue that Ghost Project falls under
Corruption
An important factor that affects the purchase and spending behavior of individuals
Money Attitude
True or False (Change the Italicized word if false)
Children born in different social classes act differently
True
Two of the four foundations we gave in our presentation
The Internal Revenue Service
The U.S. Federal Reserve
Philippine Amusement and Gaming Corporation
PhilHealth
Which one of these is not a cause of poverty?
c.) Low to moderate economic growth for the past 40 years
a.) Low growth elasticity of poverty reduction
b.) Weakness in employment generation and the quality of jobs generated
d.) Too many government projects
d.) Too many government projects
True or False (Change the Italicized word if false)
It is the government who suffers the most from the corruption
False, people
Usually involves declaring tariffs and moratoriums or heavily taxing products coming from the other.
Described as helping children develop the skills to function effectively in the global economic world is a challenge
Economic Socialization
The major event that affected South Korea and other Southeast Asian countries’ economy
1997 Asian Financial Crisis
5 areas where we can apply economic analysis
Business, Finance, Health Care,
Government, Crime, Education,
Family, Law, Politics, Religion,
Social Institutions, War, Science, the Environment
When was the Philippines one of the largest exporters of rice.
b.) 1960s
a.) 1970s
d.) 1940s
c.) 2000s
b.) 1960s
2 other branches of Economics
Behavioral, Ecological, Environmental,
Health, Information, International,
Monetary, Labor, Population, Urban,
Public Finance
A network of unregistered or illegal businesses like drug laundering, arms dealing and prostitution as well as human trafficking which employs lots of people in squalid working conditions.
Shadow Economy