Assessment

What is the meaning of reciprocity?

• It is the sharing of resources with benefit

• This is simply buying and selling of goods.

• This situation occurs during the modern era

• This means barter trade where in there is no mercy involved

What is reciprocity in the perspective of economic institution?

• It is the exchange of goods and services to people and communities

• This is the manner of distribution of goods and services to the people

• This has awaken the consumers to become conscious on their buying capacity

• The mind of the producers is to increase the prices of the goods in the market

Why is reciprocity important?

• The students are not interested in this kind of relationship

• These situations create misunderstanding on the relationship of two parties

• Commitment guaranteed the progress of reward cost balance in relationships

• This situation will harm the people in terms of business and diplomatic relationship

What is another word for reciprocity?

• Collaboration

• Fast learner

• Harmless

• Meaningless

A bottom-up approach where a great deal of responsibility and authority is given to the local community

• Community Driven Development

• People Centered Development

• Project Based Program

• Backward Program

It is the flagship poverty alleviation programs of the administration of former president Gloria Macapagal-Aroyo

• Poverty Alleviation

• K-12 Program

• Responsible Parenthood

• Pantawid Pamilyang Pilipino Program

The transfer of goods or services that regarded as voluntary by the people involved

• Redistribution

• Gift exchange

• Sharing Economy

• Transfer

An economic system which is composed of command and capitalistic economy

• Command Economy

• Market Enterprise

• Mixed Economy

• Traditional Economy

Refers to the internal and external organizing and correcting factor that provides order to market

• Market institution

• Free Market Enterprise

• Non market institution

• Competition

He said that "Economic institution emerged in order to benefit the working class or groups"

• Emile Durheim

• August Compti

• Peter Santi

• Karl Marx