MULTIPLE CHOICE. Read each statement very carefully. Write the correct answer in your answer sheet. 1. What do you call to the payment for the use of land? A. rent B. spending C. income D. capital 2. It refers to income less spending. A. taxes B. capital C. savings D. investments 3. It is building up the capital stock for more future production and consumption A. interest rate B. investments C. income D. capital 4. It can be classified as machineries, equipment, buildings and construction. A. spending B. savings C. capital D. assets 5. It refers to the lowest wage permitted by law below which if paid by employer will subject him to penalty from the government. A. minimum wage C. maximum wage B. maximum salary D. minimum salary 6. Payment for public goods and services by citizens. A. savings B. debt C. tax D. capital 7. It is consumed to fuel day to day expenditures A. debt B. spending C. capital D. investments 8. It is the rate of conversion of the Philippine peso to a foreign currency such as the US dollar. A. foreign dollar exchange rate C. domestic peso exchange rate B. foreign exchange rate D. domestic exchange rate 9. It is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed. A. investment rate C. interest rate B. accrued interest D. compound interest 10. A person who takes the risks that is necessary to seek new business opportunities and develop new ways of doing things. A. inventor B. scientist C. entrepreneur D. government 11. It is the lifeblood of the economy. A. borrowings C. investments C. savings D. tax 12. Are Filipino entrepreneurs affected by the widespread of COVID-19? A. yes B. no C. I'm not sure D. none of the above 13. As a Filipino entrepreneur, why is it important to consider the tax rate of the country? A. Because every single centavo given to tax means additional burden on the part of the entrepreneur. B. Because it is an obligation of the entrepreneur to pay tax. C. Because the tax rate in the Philippines is low compared to other countries. D. Because the products in the Philippines is tax-free. 14. What agency of the government is authorized to check if the employer follows the rules and regulations in setting up minimum wage in his company? A. DOLE B. BIR C. DTI D. DENR 15. What will happen if there are influxes of investment in the country? A. It will create jobs. B. It will result to colonial mentality. C. More foreigners in the country. D. Foreigners will invade the country.

Activity 2

discuss how you can help the newly set-up businesses in your community in coping up with the pandemic (COVID-19).

Activity 3

True or False. Write the word True is the statement is correct and False if the statement is incorrect. Write you answer in the space provided before the number. __________1.Low interest rates on borrowings tend to attract more investors. __________2.It is advisable to rent a big space for a new business with limited capital. __________3.Setting up minimum wage is solely regulated by the company/employer. __________4. Good infrastructures attract investors. __________5.Electricity facility is an example of investment. __________6.High interest rates mean more investors. __________7. Tax is the lifeblood of the economy. __________8.Social services provided by the government to its citizens come from investments. __________9.High taxes tend to lessen investment. __________10.Tax holiday is given to new investors to attract more investments. __________11.If the interest rate is low,the value of dollar tends to increase. __________12. If the interest rate is high, the value of Peso tends to decrease. __________13. High tax rates lead to less job creation. __________14. Minimum wage results in the increase of unemployment. __________15. Interest rate - investments; tax evasion - tax