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Applied Economics
97問 • 1年前
  • Sab Sescon
    • 通報

    問題一覧

  • 1

    simply means APPLICATION of the economic theories and concepts

    Applied Economics

  • 2

    APPLIED ECONOMICS simply means _____ of the economic theories and concepts

    application

  • 3

    is a SOCIAL SCIENCE that deals with the study of proper ALLOCATION of SCARCE RESOURCES to satisfy unlimited human WANTS AND NEEDS

    economics

  • 4

    ECONOMICS is a ____ that deals with the study of proper ALLOCATION of SCARCE RESOURCES to satisfy and limited human WANTS AND NEEDS

    SOCIAL SCIENCE

  • 5

    ECONOMICS is a SOCIAL SCIENCE that deals with the study of proper _____ of SCARCE RESOURCES to satisfy and limited human WANTS AND NEEDS

    ALLOCATION

  • 6

    ECONOMICS is a SOCIAL SCIENCE that deals with the study of proper ALLOCATION of _____ to satisfy and limited human WANTS AND NEEDS

    SCARCE RESOURCES

  • 7

    ECONOMICS is a SOCIAL SCIENCE that deals with the study of proper ALLOCATION of SCARCE RESOURCES to satisfy and limited human ______

    WANTS AND NEEDS

  • 8

    it is the study of society

    social science

  • 9

    study of how the society and the people behaves

    social science

  • 10

    allocation means

    distribution

  • 11

    scars means

    limited

  • 12

    study of scarcity

    economics

  • 13

    study of how people use resources

    economics

  • 14

    study of decision making

    economics

  • 15

    the five hierarchy of needs of human beings

    physiological needs safety love and belonging self esteem self actualization

  • 16

    morality creativity problem-solving

    self-actualization

  • 17

    confidence achievement respect

    self-esteem

  • 18

    friendship family intimacy

    love and belonging

  • 19

    security in personal matters clan morals health employment resources

    security

  • 20

    breathing food water homeostasis excretion

    physiological needs

  • 21

    it is all about making choices

    economics

  • 22

    it is the main problem which causes us to be forced to make choices

    scarce resources

  • 23

    refers to the value of what you have to give up in order to choose something else

    opportunity cost

  • 24

    the _____ of a choice is what you gave up to get it

    opportunity cost

  • 25

    the value of the opportunity lost

    opportunity cost

  • 26

    the two parts of value

    benefits and cost

  • 27

    in order to make sound economic decision

    the GREATEST BENEFIT but with the LOWEST COST

  • 28

    the two major economic problems

    production and consumption

  • 29

    in analyzing the concept of _____ we need the help of ECONOMIC GRAPH

    SUPPLY AND DEMAND

  • 30

    in analyzing the concept of SUPPLY AND DEMAND we need the help of _____

    ECONOMIC GRAPH

  • 31

    the study of the allocation of scarce resources to satisfy the commerce of men and women

    economics

  • 32

    the first economist

    adam smith

  • 33

    Forefather of CAPITALISM

    Adam Smith

  • 34

    adam smith

    the first economist the forefather of CAPITALISM

  • 35

    in economics, it refers to limitations

    scarcity

  • 36

    refers to limitations - limited goods or services limited time or limited abilities to achieve the desired

    scarcity

  • 37

    the four factors of production

    land labor capital entrepreneurial ability

  • 38

    used as space to create the products or services to satisfy the wants and needs

    land

  • 39

    is an important factor of production

    labor

  • 40

    it is described as any human work which is performed with the help of mind or physique with the view to produce something

    labor

  • 41

    the two types of capital

    PHYSICAL Capital FINANCIAL Capital

  • 42

    economics deals mainly with the type of capital

    physical capital

  • 43

    buildings, tools, equipments

    capital

  • 44

    human made objects used to create other goods and services

    physical capital

  • 45

    necessary skilled efficiently makes the other three factors

    entrepreneurial ability

  • 46

    serve as the compensation of entrepreneurial skill

    profit

  • 47

    refers to the value of what you have to give up in order to choose something else

    opportunity cost

  • 48

    in order to make sound economical decision

    the greatest benefit but with the lowest cost

  • 49

    is a good or service that has a benefit (utility) to society

    economic good

  • 50

    have a degree of scarcity and therefore an opportunity cost

    economic good

  • 51

    is the opposite of economic good

    economic bad

  • 52

    is anything with a negative value to the consumer

    economic band

  • 53

    is a result of business activity and consumption that is negative

    economic bad

  • 54

    examples of economic bad

    pollution unhealthy food risk noise misinformation loss of resources

  • 55

    two branches of economics

    microeconomics macroeconomics

  • 56

    study of economic behavior of individual units of an economy such as (person, household, firm or industry)

    microeconomics

  • 57

    concentrates on the behavior of entire economies of nation as a whole

    macroeconomics

  • 58

    methods of economics

    positive economics normative economics

  • 59

    it's all about facts connects cause and effect

    positive economics

  • 60

    it is all about descriptions

    positive economics

  • 61

    value judgment and opinion makes recommendation

    normative economics

  • 62

    should be all about recommendations

    normative economics

  • 63

    all things being equal

    ceteris paribus

  • 64

    all other things being equal

    ceteris paribus

  • 65

    other things held constant

    ceteris paribus

  • 66

    all else unchanged

    ceteris paribus

  • 67

    minsa the possibility of other changes affecting the situation of something will not be considered

    ceteris paribus

  • 68

    types of economies

    planned economy (control) market economy (free will) mixed economy

  • 69

    economic system combining planned economy and market economy

    mixed economy

  • 70

    economy directed by the government

    planned economy

  • 71

    all means of production (land, labor, capital) are state owned and controlled

    planned economy

  • 72

    the government makes all economic choices of what to produce, how to produce, how to distribute

    planned economy

  • 73

    it is also called COMMAND ECONOMY or COMMUNISM or SOCIALISM

    planned economy

  • 74

    PLANNED ECONOMY is also called

    command economy communism socialism

  • 75

    only few countries are communist and these include

    north korea and cuba

  • 76

    it is not organized by any central authority but it is determined by the supply and demand

    market economy

  • 77

    also called UNPLANNED ECONOMY or CAPITALISM

    market economy

  • 78

    MARKET ECONOMY is also called

    unplanned economy or capitalism

  • 79

    most of the _____ have adopted unplanned economy or at least have a mix of the two

    socialist countries

  • 80

    is the total income of all residents of a nation

    gross national product or gnp

  • 81

    including income from factors of production used abroad

    gross national product

  • 82

    the total expenditure on a nation's output of goods and services

    gross national product or gnp

  • 83

    is the total income earned domestically

    gross domestic product or gdp

  • 84

    including the income earned by foreign owned factors of production

    gross domestic product or gdp

  • 85

    the total expenditure and domestically produced goods and services

    gross domestic product or gdp

  • 86

    what is the formula for GDP

    GDP = C + I + G + (EX – IM)

  • 87

    C is equal to

    spending by consumers

  • 88

    I is equal to

    investment by businesses

  • 89

    G is equal to

    government spending

  • 90

    EX – IM is equal to

    net exports

  • 91

    the value of exports minus imports

    net exports

  • 92

    is an investment in the form of a controlling ownership in a business in one country by an entity based in another country

    foreign direct investment

  • 93

    the PHILIPPINES has seen GROWTH RATES between _____ because of the INCREASE IN REMITTANCES from OVERSEAS FILIPINO WORKERS (OFW)

    5% to 6%

  • 94

    the PHILIPPINES has seen GROWTH RATES between 5% to 6% because of the _____ from OVERSEAS FILIPINO WORKERS (OFW)

    INCREASE IN REMITTANCES

  • 95

    the PHILIPPINES has seen GROWTH RATES between 5% to 6% because of the INCREASE IN REMITTANCES from _____

    OVERSEAS FILIPINO WORKERS (OFW)

  • 96

    simply means the growth or progress of a country such that each and every citizen benefits from the growth

    inclusive growth

  • 97

    on the other hand, leaves a sizeable lot of population deprived of the fruits of growth

    exclusive growth

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    問題一覧

  • 1

    simply means APPLICATION of the economic theories and concepts

    Applied Economics

  • 2

    APPLIED ECONOMICS simply means _____ of the economic theories and concepts

    application

  • 3

    is a SOCIAL SCIENCE that deals with the study of proper ALLOCATION of SCARCE RESOURCES to satisfy unlimited human WANTS AND NEEDS

    economics

  • 4

    ECONOMICS is a ____ that deals with the study of proper ALLOCATION of SCARCE RESOURCES to satisfy and limited human WANTS AND NEEDS

    SOCIAL SCIENCE

  • 5

    ECONOMICS is a SOCIAL SCIENCE that deals with the study of proper _____ of SCARCE RESOURCES to satisfy and limited human WANTS AND NEEDS

    ALLOCATION

  • 6

    ECONOMICS is a SOCIAL SCIENCE that deals with the study of proper ALLOCATION of _____ to satisfy and limited human WANTS AND NEEDS

    SCARCE RESOURCES

  • 7

    ECONOMICS is a SOCIAL SCIENCE that deals with the study of proper ALLOCATION of SCARCE RESOURCES to satisfy and limited human ______

    WANTS AND NEEDS

  • 8

    it is the study of society

    social science

  • 9

    study of how the society and the people behaves

    social science

  • 10

    allocation means

    distribution

  • 11

    scars means

    limited

  • 12

    study of scarcity

    economics

  • 13

    study of how people use resources

    economics

  • 14

    study of decision making

    economics

  • 15

    the five hierarchy of needs of human beings

    physiological needs safety love and belonging self esteem self actualization

  • 16

    morality creativity problem-solving

    self-actualization

  • 17

    confidence achievement respect

    self-esteem

  • 18

    friendship family intimacy

    love and belonging

  • 19

    security in personal matters clan morals health employment resources

    security

  • 20

    breathing food water homeostasis excretion

    physiological needs

  • 21

    it is all about making choices

    economics

  • 22

    it is the main problem which causes us to be forced to make choices

    scarce resources

  • 23

    refers to the value of what you have to give up in order to choose something else

    opportunity cost

  • 24

    the _____ of a choice is what you gave up to get it

    opportunity cost

  • 25

    the value of the opportunity lost

    opportunity cost

  • 26

    the two parts of value

    benefits and cost

  • 27

    in order to make sound economic decision

    the GREATEST BENEFIT but with the LOWEST COST

  • 28

    the two major economic problems

    production and consumption

  • 29

    in analyzing the concept of _____ we need the help of ECONOMIC GRAPH

    SUPPLY AND DEMAND

  • 30

    in analyzing the concept of SUPPLY AND DEMAND we need the help of _____

    ECONOMIC GRAPH

  • 31

    the study of the allocation of scarce resources to satisfy the commerce of men and women

    economics

  • 32

    the first economist

    adam smith

  • 33

    Forefather of CAPITALISM

    Adam Smith

  • 34

    adam smith

    the first economist the forefather of CAPITALISM

  • 35

    in economics, it refers to limitations

    scarcity

  • 36

    refers to limitations - limited goods or services limited time or limited abilities to achieve the desired

    scarcity

  • 37

    the four factors of production

    land labor capital entrepreneurial ability

  • 38

    used as space to create the products or services to satisfy the wants and needs

    land

  • 39

    is an important factor of production

    labor

  • 40

    it is described as any human work which is performed with the help of mind or physique with the view to produce something

    labor

  • 41

    the two types of capital

    PHYSICAL Capital FINANCIAL Capital

  • 42

    economics deals mainly with the type of capital

    physical capital

  • 43

    buildings, tools, equipments

    capital

  • 44

    human made objects used to create other goods and services

    physical capital

  • 45

    necessary skilled efficiently makes the other three factors

    entrepreneurial ability

  • 46

    serve as the compensation of entrepreneurial skill

    profit

  • 47

    refers to the value of what you have to give up in order to choose something else

    opportunity cost

  • 48

    in order to make sound economical decision

    the greatest benefit but with the lowest cost

  • 49

    is a good or service that has a benefit (utility) to society

    economic good

  • 50

    have a degree of scarcity and therefore an opportunity cost

    economic good

  • 51

    is the opposite of economic good

    economic bad

  • 52

    is anything with a negative value to the consumer

    economic band

  • 53

    is a result of business activity and consumption that is negative

    economic bad

  • 54

    examples of economic bad

    pollution unhealthy food risk noise misinformation loss of resources

  • 55

    two branches of economics

    microeconomics macroeconomics

  • 56

    study of economic behavior of individual units of an economy such as (person, household, firm or industry)

    microeconomics

  • 57

    concentrates on the behavior of entire economies of nation as a whole

    macroeconomics

  • 58

    methods of economics

    positive economics normative economics

  • 59

    it's all about facts connects cause and effect

    positive economics

  • 60

    it is all about descriptions

    positive economics

  • 61

    value judgment and opinion makes recommendation

    normative economics

  • 62

    should be all about recommendations

    normative economics

  • 63

    all things being equal

    ceteris paribus

  • 64

    all other things being equal

    ceteris paribus

  • 65

    other things held constant

    ceteris paribus

  • 66

    all else unchanged

    ceteris paribus

  • 67

    minsa the possibility of other changes affecting the situation of something will not be considered

    ceteris paribus

  • 68

    types of economies

    planned economy (control) market economy (free will) mixed economy

  • 69

    economic system combining planned economy and market economy

    mixed economy

  • 70

    economy directed by the government

    planned economy

  • 71

    all means of production (land, labor, capital) are state owned and controlled

    planned economy

  • 72

    the government makes all economic choices of what to produce, how to produce, how to distribute

    planned economy

  • 73

    it is also called COMMAND ECONOMY or COMMUNISM or SOCIALISM

    planned economy

  • 74

    PLANNED ECONOMY is also called

    command economy communism socialism

  • 75

    only few countries are communist and these include

    north korea and cuba

  • 76

    it is not organized by any central authority but it is determined by the supply and demand

    market economy

  • 77

    also called UNPLANNED ECONOMY or CAPITALISM

    market economy

  • 78

    MARKET ECONOMY is also called

    unplanned economy or capitalism

  • 79

    most of the _____ have adopted unplanned economy or at least have a mix of the two

    socialist countries

  • 80

    is the total income of all residents of a nation

    gross national product or gnp

  • 81

    including income from factors of production used abroad

    gross national product

  • 82

    the total expenditure on a nation's output of goods and services

    gross national product or gnp

  • 83

    is the total income earned domestically

    gross domestic product or gdp

  • 84

    including the income earned by foreign owned factors of production

    gross domestic product or gdp

  • 85

    the total expenditure and domestically produced goods and services

    gross domestic product or gdp

  • 86

    what is the formula for GDP

    GDP = C + I + G + (EX – IM)

  • 87

    C is equal to

    spending by consumers

  • 88

    I is equal to

    investment by businesses

  • 89

    G is equal to

    government spending

  • 90

    EX – IM is equal to

    net exports

  • 91

    the value of exports minus imports

    net exports

  • 92

    is an investment in the form of a controlling ownership in a business in one country by an entity based in another country

    foreign direct investment

  • 93

    the PHILIPPINES has seen GROWTH RATES between _____ because of the INCREASE IN REMITTANCES from OVERSEAS FILIPINO WORKERS (OFW)

    5% to 6%

  • 94

    the PHILIPPINES has seen GROWTH RATES between 5% to 6% because of the _____ from OVERSEAS FILIPINO WORKERS (OFW)

    INCREASE IN REMITTANCES

  • 95

    the PHILIPPINES has seen GROWTH RATES between 5% to 6% because of the INCREASE IN REMITTANCES from _____

    OVERSEAS FILIPINO WORKERS (OFW)

  • 96

    simply means the growth or progress of a country such that each and every citizen benefits from the growth

    inclusive growth

  • 97

    on the other hand, leaves a sizeable lot of population deprived of the fruits of growth

    exclusive growth