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Social Studies
12th
grade
THIRD QUARTER TEST WORKSHEET NO. 1 APPLIED ECONOMICS 12
20 questions
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- 1. Multiple Choice
It is the study of economics in relation to real world situations
Microeconomics
Macroeconomics
Econometrics
Applied economics
- 2. Multiple Choice
The tension between the limited resources and unlimited wants and needs.
natural resources
scarcity
opportunity cost
poverty
- 3. Multiple Choice
The Greek translation of the word economics
ekonomiya
oikonomia
okonomea
oikomia
- 4. Multiple Choice
What is Economics?
It talks about the needs and wants of an individual
Focuses on the financial status of a country
Distinguish as Applied and Social Science
Classified as the way to know the behavior of consumers.
- 5. Multiple Choice
It is part of Science that studies the ownership, use, and exchange of scarce resources of the people. What it is?
Economics
Economics as Applied Science
Economics as Social Science
Microeconomics
- 6. Multiple Choice
What does an economist use to solve different economic problems in society?
Different Economic Theories
Different Economic Research
Different Economic Practices
Different Economic Masterpiece
- 7. Multiple Choice
What field of Economics does study the markets of goods and services?
Macroeconomics
Microeconomics
Nanoeconomics
Gigaeconomics
- 8. Multiple Choice
What do we call the platform in which the agents/stakeholders interact?
Business
Market
Rocket
Basket
- 9. Multiple Choice
What is the study that studies the way a society solves the fundamental problems of reconciling the unlimited desires of individuals with scarce resources?
Social Science
Applied Science
Economics
Macroeconomics
- 10. Multiple Choice
What is the field of economics that studies Economics as a whole?
Macroeconomics
Microeconomics
Nanoeconomics
Gigaeconomics
- 11. Multiple Choice
Applied Economics is the study of observing how theories work in practice.
TRUE
FALSE
- 12. Multiple Choice
Economics become one of the most insignificant studies of modern days.
TRUE
FALSE
- 13. Multiple Choice
The study of Economics is intensive and varied.
TRUE
FALSE
- 14. Multiple Choice
What is it called when you have limited quantities of resources used to meet unlimited wants?
Profit
Specialization
Cartel
Scarcity
- 15. Multiple Choice
What is the study of economic behavior and decision making of small units, such as individuals, families, and businesses called?
Macroeconomics
Microeconomics
Economics
Economic statistics
- 16. Multiple Choice
A field that applies of economic theories and principles to real-world situations with the desired aim of predicting potential outcomes.
Economics
Applied Economics
Economic Theory
- 17. Multiple Choice
The state of not being employed or no work
Underemployed
Employed
Unemployed
- 18. Open Ended
What is scarcity?( 50 words)
- 19. Open Ended
Explain " Economics is the study of mankind in the ordinary business of life". ( 50 words)
- 20. Open Ended
Why poverty is happened in our country? (75 words)
- Answer choicesTagsAnswer choicesTags