ALTERNATIVE LEARNING SYSTEM (ALS) Applied Economics for Grade 11 Third Quarter Examination

1.   Which of the following explains how a particular social group or socioeconomic class behaves within a society, including their actions as consumers?

• Social Science

   

• Applied Science

• Microeconomics

• Macroeconomics

2. 2. Which of the following is the application of economic theory to determine the likely outcomes associated with various possible courses of action in the real world?

• A.   Social Science

• B.   Applied Science

• C.   Microeconomics

• D.   Macroeconomics

3. 3. Which of the following studies the behavior of individual market participants such as consumers, producers, and resource owners, as well as corporations?

• A.   Social Science

• B.   Applied Science

• C.   Microeconomics

• D.   Macroeconomics

4. 4. What is a branch of economics that studies the whole economy and the issues that affect it?

• A. Social Science

• B.   Applied Science

• C. Microeconomics

• D. Macroeconomics

For numbers 5-9 Evaluate the following situations and choose if the situation considers economics as Social Science or Applied Science.

 

5. 5. Economics students analyze how to maximize the use of available resources to overcome scarcity.

• A. Social Science

• B. Applied Science

6. People have no freedom of choice in arriving at decisions on what to buy.

• A. Social Science

• B. Applied Science

7. Motorists complain of high gasoline prices.

• A. Social Science

• B. Applied Science

8. Philippine Congress passed the Value Added Tax Law to strengthen the Philippine tax system.

• A. Social Science

• B. Applied Science

9. People always complain about having not enough -- not having enough money to pay one’s debts, not enough food on the table, not enough income to meet all the family’s needs.

• A. Social Science

• B. Applied Science

10. What is a branch of social science concerned with the use of limited resources to meet boundless desires?

• A. Econometrics

• B. Economics

• C. Philosophy

• D. Science