Economics

Economics

ECONOMICS

ECONOMICS

EcONomics

ECONOMICS

ECONOMICSECONOMICS

ECONOMICS

EcONomics

Economics

ECONOMICS ECONOMICS

ECONOMICS

ECONOMICS

ECONOMICS

Economics

ECONOMICS

ECONOMICSECONOMICS

ECONOMICS

ECONO

MICS

ECONOMICSECONOMICS

ECONOMICS

ECO

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MIC

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ECONOMICS

ECONOMICS

1. Which of the following are considered to be negative effects of globalization except____________

A. BraindrainB. Piracy and SmugglingC. Travel OpportunitiesD. Patent LawE. Opportunity Cost

2. The following EXCEPT one are all included in the Millennium Development Goals (MDG)

A. Eradicate extreme poverty and hungerB. Achieve universal primary and secondary

educationC. Promote gender and empower womenD. Reduce child morality

3. It is the restructuring or setting a new global economic order.

A. PrivatizationB. GlobalizationC. DeregulationD. LiberalizationE. BOT

4. The law of demand states that___ ?

A. P inc. D dec. P dec. D inc.B. P inc. D inc. P dec. D dec.C. P inc. D dec. P dec. D dec.D. P inc. D inc. P dec. D. Inc.

5. The Study of economics focuses on which of the following?

A. The reasons that people want more than lessB. How to get most out of scare resourcesC. How to eliminate scarcityD. How to produce more resources

6. Which of the following is TRUE for all factors of production?

A. They are made by peopleB. They are provided by natureC. They are scareD. Their production requires land, labor, capital

7. Which of the following makes trade-offs?

A. ConsumersB. ProducersC. GovernmentD. All of the aboveE. None of the above

8 He is an economist of gloom that theorized the “Limits of Growth”

A. David RicardoB. Emmanuel KantC. David HumeD. Thomas HobbesE. Schumpeter

9 He help the US during the great depression of 1929 using the “pump prime” to boost the economy of the country.

A. Karl MarxB. John LockeC. JM KeynesD. Georg Wilhelm Friedrich HegelE. Baroque Spinoza

10. Tax that are use in the net import and net export.

A. Direct Tax G. Indirect TaxB. Withholding Tax H. Value Added Tax (VAT)C. Income Tax I. Excise TaxD. Transfer Tax J. Ad Valorem TaxC. Donor’s Gift K. Amusement TaxD. Estate TaxE. TariffF. Real Property Tax

Adam Smith

Wealth of Nations

David Ricardo

Limits of Growth

Thomas Robert Malthus

Malthusian Theory(Population Theory)

Karl Mark

Labor Theory of Value

John Maynard Keynes

General Theory(General Theory of Employment, Interest & Money)

Harrod – Domar ModelRoy Forbes HarrodEvsey David Domar

Capital – Output Ratio

Schumpeter’s Theory of Technological Change

-Entreprenuer - Technology

(Joseph Alois Schumpeter)

•Trickle Down• Vicious Circle of Poverty

•Debt Trap• Balance of Growth

•Import Substitution• Manpower Development

•Kaldor Model

Basic Economic Problems

• WHAT to produce Purchasing Power

• HOW to produce Methods of Production

• FOR WHOM to produce Peso Votes

Economic System

Capitalist Economy

COMMUNIST ECONOMY

MIXeD ECONOMY

GNP (Gross National Product) GNI (Gross National Income)

GDP (Gross National Product)

Full Employment Unemployment Ex. C+G+I+Nx=GNP

Price Stability Price Instability In. W+R+I+P+InT+D=GNP

Economic Growth Absolute Poverty Ind. A+I+S=GNP

External Balance Trade Imbalance S = ITx = SubIm = Ex

Financial Sector

Bank Non Bank

Fiscal Policy

Monetary Policy

Tax&Spending

Central Bank

RA 3844, Argicultural Land Reform Code, Diosdado McapagalAug. 8, 1963

RA 6657, Comprehension Agrarian Reform Law (CARL)Comprehension Agrarian Reform Program (CARP)Department of Agrarian Reform (DAR)

Corazon Aquino1988