Which of the following is not a tool of the government's monetary policy?

• reserve requirements

• discount rate

• open-market operations

• national budget

Increasing the reserve requirement, buying treasury bonds, and increasing the discount rate on loans secured by banks are all part of which policy?

• contractionary fiscal policy

• contractionary monetary policy

• expansionary fiscal policy

• expansionary monetary policy

This department received the largest budget cut amounting to almost 49% of its previous budget.

• DPWH

• DTI

• DOLE

• DSWD

We measure the value of a commodity in money terms. What function of money does this imply?

• money as a unit of account

• money as a medium of exchange

• money as a store of value

• money as deferred payment

The VAT or value added tax is classified as a/an ___ since the burden of taxation is passed on by sellers to the consumers.

• direct tax

• indirect tax

• progressive tax

• regressive tax

Implementing a new round of taxes and reducing government spending are part of which macroeconomic policy?

• contractionary monetary policy

• contractionary fiscal policy

• expansionary monetary policy

• expansionary fiscal policy

Which of the following does not belong in the group?

• backbone of the economy

• agricultural sector

• secondary sector

• food security

Pick the odd one out.

• Life Academy International

• Belo Medical Group

• San Miguel Corporation

• Globe Telecom

Fill in the blanks: Globalization refers to the growing __ of the world's economies brought about by cross-border trade in good & services, and flows of investment, __ and information.

• relationship, people

• interdependence, people

• interconnection, labor

• friendship, labor

Pick the odd one out.

• higher tariffs or tax on imported goods

• multinational corporations

• free trade

• international labor migration