ECONOMICS

He is the Father of modern Economics

• Adam Smith

• Charles P. Kindleberger

• Simon Kuznets

• Merton Miller

___it refers to any human activity which is performed in exchange for money or money's worth.

• Job

• Incentives

• Economic activity

• Market economy

The import and export tariffs are being levied by what government office?

• Bureau of Internal revenue

• Bureau of Customs

• Philippine Port Authority

• Department of Budget and Management

Which of the following is NOT an example of local taxes in the Philippines?

• Tax on Business

• Professional Tax

• Income Tax

• Amusement Tax

Based on the Philip Curves, the decrease in inflation will result to_____.

• Increase in unemployment

• Decrease in unemployment

• Market failure to allocate resources efficiently

• decrease in the quantity of money being created

_____refers to the payment we made to the government through the Bureau of Internal Revenue.

• Income Tax

• compensation and self-employment income

• Estate Tax

• National taxes

The import and export tariffs are being levied by what government office?

• Bureau of Internal Revenue

• Bureau of Customs

• Philippine port authority

• Department of Budget and Management

What does the DAR mean?

• Department of Agricultural Reform

• Department of Agriculture and reclamation

• Department of Agrarian Reform

• Department of Agricultural Reformation

Which of the following is NOT an example of local taxes in the Philippines?

• Tax on Business

• Professional Tax

• Income Tax

• Amusement Tax

Which of the following is NOT an example of national taxes in the Philippines?

• Capital gains tax

• Documentary Stamp Tax

• Value-added Tax

• Tax on Transfer of Real Property Ownership