APPLICATION. Perform what is being asked. Show your solution, 41-45 Fill-in the table with appropriate data. PRICE QUANTITY & Use this space for computation19.It is the utilization of certain government activities and actions in development and stabilization of economy. Fiscal b, Monetary c. Taxation d. Expenditure 20. It pertains to the amount of money circulation or the money supply in our country a. Fiscal b. Monetary C. Taxation d. Expenditure 21. It is a policy that affects the savings and investment of one's country. a. Monetary Policy b. Fiscal Policy C. Trade Policy d. all of the above 22. It is obtaining revenue from government as a means of transferring resources from private to public sector. a. Fiscal b. Monetary C. Taxation d. Expenditure 23. It is the amount of new expenses of the government to finance the goods and services they provide. a. Fiscal b. Monetary c. Taxation d. Expenditure 24. It is the total quantity of customers that are willing and able to purchase. a. Demand b. Supply Function c. Direct Demand d. Derived Demand 25. This are considered to be a behavior function for producers. Demand b. Supply Function c. Direct Demand d. Derived Demand 26. It is a kind of demand that satisfy the costumer's desire. Demand b. Supply Function C. Direct Demand d. Derived Demand 27. It is a pair of goods consumed together as the price of one increases the demand for the other decreases a. Complementary b. substitute goods c, normal goods d. inferior goods 28. It is an alternative to each other as the price of one increases the demand also increases. Complementary b. substitute goods c. normal goods d, inferior goods 29. These are those goods whose demand increases when the consumer's income increases. a. Complementary b. substitute goods c. normal goods d. inferior goods 30. These are sometimes called intermediate goods. a. Demand b. Supply Function c. Direct Demand d. Derived Demand 31. Bong is planning to go to college and he wants to master the state of a market with respect to completion as his major. What do you think is the major of Bong? a. Marketing b. market structuring c. marketing Management d. economics 32. The following are considered to be a major Market structure except. Perfect competition b. oligopoly c. monopoly d. cartels 33. This market structure focuses a market in which there are many small firms, all producing the same goods. a. Perfect competition b. oligopoly c. monopoly d. cartels 34. These are considered to be market structure wherein there are few sellers and many unified buyers. a. Oligopoly b. Monopolistic Competition c, cartels d. Monopsony 35. The sellers agree to coordinate prices and production. a. Oligopoly b. Monopolistic Competition c. cartels d. Monopsony 36. The following are example of Monopoly except one a. INEC b. MERALCO C. MANILA WATER d. Petron 37. The following are disadvantages of cartel except? a. High barriers to entry . Potential for conspiracy Abnormal profit d. Exploitation of consumer- higher price 38. The following are considered to be the advantages of Monopsony, except one? Lower cost Dictate exact specifications to supplier Don't have risk Encourages research and development 39. The total quantity consumers are willing and able to purchase. a. Demand b. supply c. price d. consumer 40. These are sometimes called as intermediate goods Direct demand b. derived demand c. law of supply and demand d. law of demand\f1. MULTIPLE CHOICE. Write the letter of the correct answer on the space provided 1. John Lloyd Bautista, a Senior High School student of Nagrebcan National High School focuses his dy of how people and society choose to employ scarce productive resources to produce goods and services d distribute them among various group of society. What field does he considers? a. Economics b. Taxation c. Politics d. Society 2. Jorie, an expert in the field of individual, consumer, firm and industries. What field of expertise does portraits? a. Microeconomics b. Macroeconomics c.Agricultural Economics d. International Economics 3. Cheryl is presently conducting her research which focuses on the different concerned with how the onomy function as a whole. What field does her research focuses? a. Microeconomics b. Macroeconomics c.Agricultural Economics d. International Economics 4. In the Philippines economy is endowed with what we call resources, which are inputs used in the duction of goods and services for consumption to satisfy the needs of the countryman. What problem does country Philippines experience? a. Scarcity b. Inflation Rate c.Over Population d. Corruption 5. All inputs that can be combined in many different ways to produce goods and services of various es to help satisfy people's unlimited needs and wants. a. Resources b. land c. Capital d. Labor _6. The following are different components of land except one. a. Soil b. crop c. minerals d. stones 7. The following are different components of Capital except one. a. Factories b. machineries c. tools and equipment d. no answer 8. Chona is a skilled worker whom she performs an excellent work in an organization, She falls on what omponents? a. Labor b. Capital C. Enterprise d. management 9. Milton sacrifice himself in choosing an activity to satisfy the needs and wants of the customer rather an others. What component does he performs? a. Opportunity cost b. PPF c. Production d. all of the above 10. It is a maximum quantity of goods produced by an economy. a. Opportunity Cost b. PPF c. Production d. Consumption 11. It is the use of economic resources in the creation of goods and services for the satisfaction of uman wants. a. Opportunity Cost b. PPF c. Production d. Consumption 12. It is using the goods and services by the costumers. a. Opportunity Cost b. PPF c. Production d. Consumption 13. It is an activity that measures the quantity of variables over a period of time. . Flow b. stock c. Outflow d. Inflow 14. It is an activity that measures the quantity of variables as of a given point in time a. Flow b. stock c. Outflow d. Inflow 15. It is considered a factor that decreases the level of economic activity. a. Flow b. stock c. Outflow d. Inflow 16. It is also a factor that increases the level of economic activity. a. Flow b. stock c. Outflow d. Inflow 17. The following are components of outflow in economy except one? a. Savings b. Taxes c. Import d. Export 18. The following are components of Inflow in economy except one? Investment b. exports c. Government Spending d. Import