Pagsusulit sa Araling Panlipunan 9

Which of the following is described by the circular flow of the economy?

• Government income and expenses

• Trade within and outside the country

• Interaction of each sector of the economy

• Transactions of financial institutions

Which sentence appropriately describes the relationship between households and businesses?

• Households lend money to businesses to use as capital.

• Households use collected taxes to produce goods for businesses.

• Factors of production come from households and undergo the business process.

• Households open new plants to create jobs for businesses.

Which of the following sectors in the circular flow of the economy is the source of land, labor, and capital?

• The government

• Financial market

• Market for factors of production

• Market for goods and services

Why is the first model of the circular flow of the economy called simple or basic economy?

• Households and businesses are one.

• The government and businesses are one.

• Households and financial markets are one.

• Businesses and the market for finished products are one.

Assuming you own a company, which of the following is the best step to grow your business?

• Additional investment

• Engage with foreign countries to earn dollars

• Planning for the future including business expansion and increased production

• Planning to grow capital to achieve a comfortable living

If you were the president of the country, what would be your main reason for strengthening the external sector of the economy?

• The dollars that can enter the country

• The need for resources

• The number of jobs that can be created in the country

• Many goods can be purchased at a low price

It is said that saving and investing are not original economic activities. This occurs only because of ________________.

What is the correct word that describes the relationship between businesses and households according to the second to fifth models of the circular flow of the economy?

• Dependency

• Interdependence

• Interrelation

• Parasitism

What could be the effect if households fail to perform their role in the economy?

• The economy may collapse.

• Production of various products may increase.

• Many taxes may be collected from...

What is the role of households in the economy?

• The economy may collapse.

• Production of various products will increase.

• Many taxes will be collected from households and businesses.

• A large fund will be generated from financial markets and finished goods markets.