Economics Quiz

What is the definition of Money Supply?

• The total amount of money in circulation that can be used to make payments or to hold as short-term investments

• The exchange of goods and services along international borders

• The price at which one currency can be exchanged for another

• The movement of people to a new area to find work or better living conditions

What is the main role of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines)?

• Facilitates international trade and oversees import/export regulations

• Controls the interest rates and inflation levels in the country

• Provides monetary policy, supervises the operation of banks, and regulates the use of currency

• Manages the stock market and regulates corporate securities

What is the function of a Cooperative?

• A business owned by its shareholders, with artificial being created by operation of law

• An industry that involves the production and processing of items into finished goods

• A duly registered association composed of at least 15 persons who have voluntarily joined together

• An enterprise that is owned and managed by one person

What is the primary industry responsible for the mining of coal, minerals, stones, and metals from the earth's surface?

• Forestry industry

• Mining industry

• Agricultural industry

• Fishing industry

What is the economic factor that measures overall consumer optimism about the state of the economy?

• Interest rates

• Consumer Confidence

• Employment

• Labor Cost

What is the social group that individuals compare themselves with and can be primary or secondary?

• Generational Differences

• Social Status

• Role in the Society

• Reference Groups

What is the term used to describe the exchange of goods and services along international borders?

• International Trade

• Real Estate

• Globalization

• Migration

What is the measure of the amount of money earned per person in a nation or geographic region?

• Quota

• Subsidy

• Taxes

• Per Capita Income

What is the industry that involves the production of trees for raw wood and plants?

• Agricultural industry

• Fishing industry

• Mining industry

• Forestry industry

What is the term used to describe the growing interdependence of the world's economies?

• Quota

• Consumer behavior

• Globalization

• Percapita income