
UCSP QUIZ #1 FINAL TERM
Authored by Tristan Castro
Social Studies
12th Grade
Used 6+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Economic system that facilitates and manages the materials and roles provided in the market for purchasing or transaction. They are termed as RAW MATERIALS for the market.
SERVICE AND COMMUNICATION
SERVICE AND PRODUCTION
SERVICE AND ORGANIZATION
SERVICE AND FOODS
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
2.An economic system that facilitates the overall transactions within the market. As such they may provide the suggested retail price for each transaction. Ex. Government agencies.
2.An economic system that facilitates the overall transactions within the market. As such they may provide the suggested retail price for each transaction. Ex. Government agencies.
PRODUCTION SYSTEM
SYSTEM OF TRANSACTION
SYSTEM OF EXCHANGE
SERVICE SYSTEM
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Alex and his friends bought a ticket for a concert, he collected $35 each for the food they will bring in the concert. What concept of Economic Institution is this?
REDISTRIBUTION
RECIPROCITY
AMBAGAN
TRANSFER
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Mary and her friend Susan, goes to market and they saw an old woman. They exchange 2 copper coins with the old woman’s apple?
REDISTRIBUTION
TRANSFER
RECIPROCITY
MARKET TRANSACTION
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
John sold his old farm to his friend, the transaction happened within the municipal hall.
REDISTRIBUTION
TRANSFER
RECIPROCITY
MARKTER TRANSACTION
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
the type of organization most closely associated with the term 'international organization', these are organizations that are made up primarily of sovereign states.
INTERNATION NON-GOVERNMENTAL ORGANIZATION
INTERNATIONAL ALLIANCE
UNITED NATIONS
7.
MULTIPLE SELECT QUESTION
20 sec • 4 pts
What are the core values of cooperatives?
Self Help
Self Responsibility
Independence
Equity and Solidarity
Democracy and Equality
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