Midterm TM1E

Market has no specific location as long as there is an exchange.

• True

• False

Which among can be considered as the market?

• Shopee

• SM Baliwag

• Baliwag Public Market

• All of the above

Applied Economics means choosing the best choice that yield the highest benefits.

• True

• False

According to studies, during Christmas season the dollar remittances increases more than other months of the year.

• Positive Economy

• Negative Economy

All politicians involved in Flood Control project should be removed in public office in order for the people to trust the government again.

• Positive Economics

• Negative Economics

Maria is an OFW from Dubai, her income can be measure under?

• Gross National Product

• Gross Domestic Product

• Gross National Income

• Gross Domestic Income

Gross Domestic Product is measure every 3 years.

• True

• False

Which is not a characteristic of a market?

• Physical Location

• Demand

• Willingness of the supplier

• Exchange

Gross Domestic Product is measure by overall capital goods and final goods produced within the Philippines.

• True

• False

Applied Economics use different economic theories like Law of Demand and Supply.

• True

• False