quiz 12

1. What do you call the Greek words OIKOS meaning household and NOMOS meaning management = household management?

• Economics

• Microeconomics

• Macroeconomics

• Economize

It is a social science that deals with how individuals organize themselves in order to distribute scarce resources to create products and services that meet man's infinite and multiplying desires and needs.

• Microeconomics

• Economics

• Macroeconomics

• Politics

The following are the relations of economics to other sciences, EXCEPT one.

• Natural Science

• Geography

• Mathematics

• Literature

It is a type of Economics that deals with economic behaviour of individual

• Microeconomics

• Macroeconomics

• Economize

• Microcosm

What type of economics of the example below.

“The study of the Philippine economy would analyze the gross national income and total employment. What type of economics”

• Microeconomics

• Macroeconomics

• Economize

• Microcosm

The following are classification of Goods according to capital/ industrial goods. EXCEPT ONE.

• Machinery

• Equipment

• Buildings

• Luxury Car

E AND J store acquired additional sales (soda, juices, etc.) for the business. What type of good is this?

• Consumer goods

• Economic goods

• Capital goods

• Luxury goods

It is also known as factors of production.

•  Economic resources

• Economic as Science

• Economics

• Microeconomics