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WorksheetsUCSP MODULE 9 QUIZ
Total questions: 10
Worksheet time: 5mins
According to Kenton, it is a place of gathering where parties can facilitate the exchange of goods
Markets
Social Organizations
Industrial Institutions
Trade Systems
Which is NOT a type of Economic System
Traditional
Command
Industrial
Market
Social Organizations can either be ____ or _____.
Social, Non-social
National, International
Industrial, Developmental
Formal, Informal
It is a series of processes and methods by which societies, through a combination of market forces, leadership and governance, organize and distribute available resources, services, and goods across a geographic territory.
Trading Industry
Social Organizations
Systematic Institutions
Economic Systems
What system was prevalent during the pre-colonial era which functioned as a traditional economy.
Economic System
Barter System
Trading System
Market System
Which of the following are phases of trade in Philippine history?
China-PH Sea Trade
Pre-Colonial Sea Trade
US-PH Trade Relations
Spanish-Indian Trade System
Inter-Barangay Trade
It is about not having enough money to meet basic needs including food, clothing, and shelter.
Poverty
Economic Drop
Inflation
Economic Inequality
Which of the following is NOT a current critical social issue related to the development of Philippine Economic Systems?
Inclusivity
Inflation
Poverty
Inequality
Markets allow buyers and seller (___ and ___) to meet interact and facilitate trade.
Buy, Trade
Merchant, Consumer
Supply, Demand
Vendor, Costumer
We can say that markets are _________.
Social Institutions
Social Organizations
Social Groups
Social Systems
