GEE1 QUIZ 1

Chinese colonialized Philippines.

• TRUE

• FALSE

Philippine economy is designed for industrial economy.

• TRUE

• FALSE

The United States control Philippine trade through Treaty of Paris.

• TRUE

• FALSE

Japanese occupation made Philippine economy rich.

• TRUE

• FALSE

Diosdado Macapagal introduced the Filipino First Policy.

• TRUE

• FALSE

The peso was devalued several times in Marcos regime.

• TRUE

• FALSE

Political stability was the first priority of Aquino administration.

• TRUE

• FALSE

These are fundamental economic problems except one:

• unfair distribution of resources

• unemployment

• crime

• poverty

Entrepreneurship is innovation.

• TRUE

• FALSE

It is a theory wherein government should not interfere in economic activities like businesses

• Keynesian Theory

• Ricardian Theory

• Kaldor Theory

• Laissez Faire Theory