TRUE OR FALSE

Natural resources are used to make food, fuel and raw

materials for the production of goods.

Refer to a delineable area of the earth's terrestrial surface,

encompassing all attributes of the biosphere immediately

above or below its surface,

The following are what type of resources: clay, steel from iron, copper, gold

TRUE OR FALSE

One of the benefit of mineral resources is that fossil fuels and uranium provide us

with energy, and phosphates enhance agriculture.

Economy is defined as

It represents the human factor in producing

the goods and services of an economy.

TRUE OR FALSE

Trade is the fulfillment of desires by two individuals or groups via the

swapping of their respective material goods and services.

This fundamental concepts in economics describe the relationship between the quantity of a good or service that producers are willing to offer and the quantity that consumers are willing to buy at a given price.

Refers to the quantity of a good or service that producers are willing and able to offer

refers to the quantity of a good or service that consumers are willing and able to buy

Rate at which the general level of prices for goods and services in an economy rises over a period of time, leading to a decrease in the purchasing power of money

Refer to the cost of borrowing money or the return on investment for lending money, expressed as a percentage of the principal amount

It is a financial arrangement in which a lender provides funds to a borrower, who agrees to repay the loan amount plus interest over a specified period

It is the significant decline in economic activity across an economy, lasting for a sustained period

TRUE OR FALSE

Government is the exercise of political authority over the actions, affairs, etc. of a political unit, people, etc., as well as the performance of certain functions for this unit or body.

LGU stands for

The following are the four main roles of government except for one

means an individual who holds an office that is regularly filled

by vote of the people.

any person who is selected and designated

to fill an elective office or interim office position.

TRUE OR FALSE

The governor is appointed by a a higher official.

The governor has a fixed term of ____ years.

The legislatures in Philippine provinces.

They are the legislative branches of the provinces, and their

powers and responsibilities are defined by the Local Government Code of 1991

is a form of democracy in which citizens elect representatives to make decisions on their behalf.

form of government characterized by strong central authority and limited political freedoms.

Martial Law is an example of this form of government

TRUE OR FALSE

The Philippines only experienced Democratic form of Government

TRUE OR FALSE

In a federal system, the central government and regional governments each have their own distinct areas of authority

The head of government in a parliamentary system