BARU
Ukuran huruf
Lembar kerjaREAL ESTATE FINANCE AND ECONOMICS CONCEPTS
Total soal: 20
Worksheet time: 7mins
Which of the following best describes a market economy?
Economic decisions are made by the government
Economic decisions are based on customs and traditions
Economic decisions are driven by individual choices and supply and demand
The government owns all means of production
In which economic system does the government own and control all major industries and resources?
Traditional economy
Market economy
Mixed economy
Communist economy
A mixed economy combines elements of which of the following economic systems?
Traditional and command
Market and command
Communism and traditional
Market and tribal
What is a key characteristic of a traditional economy?
Wages are set by the government
Economic roles are determined by customs and inherited roles
Prices are determined by competition
All businesses are owned by the state
Which of the following countries is most likely to have a mixed economy?
North Korea
United States
Somalia
None of the above
Who is considered the “Father of Modern Economics” and wrote The Wealth of Nations?
David Ricardo
Karl Marx
Adam Smith
John Maynard Keynes
Which economist is known for the theory that population growth would outpace food supply, leading to poverty and famine?
Adam Smith
John Maynard Keynes
Thomas Robert Malthus
Karl Marx
Who developed the idea of deficit spending to stimulate demand during economic downturns, especially in his work The General Theory of Employment, Interest and Money?
David Ricardo
John Maynard Keynes
Thomas Malthus
Karl Marx
Which economist co-wrote The Communist Manifesto and believed capitalism would eventually be replaced by socialism and then communism?
Thomas Malthus
Karl Marx
Adam Smith
David Ricardo
What is the main goal of fiscal policy?
Regulate the money supply
Control inflation through interest rates
Influence the economy through government spending and taxation
Set minimum wage levels
Which government institution is primarily responsible for implementing monetary policy in the Philippines?
Department of Finance (DOF)
Bureau of Internal Revenue (BIR)
Bangko Sentral ng Pilipinas (BSP)
National Economic and Development Authority (NEDA)
What action represents an expansionary fiscal policy?
Increasing taxes
Decreasing government spending
Raising interest rates
Increasing government spending
Which of the following is a tool of monetary policy?
Government budget allocation
Setting tariffs on imports
Adjusting the reserve requirement of banks
Creating public infrastructure projects
If inflation is high, what would a central bank likely do as a monetary policy response?
Lower interest rates
Increase government subsidies
Increase interest rates
Cut corporate taxes
What does the Law of Demand state?
As the price increases, quantity demanded increases
As the price decreases, quantity demanded increases
Demand creates supply
Supply is always equal to demand
According to the Law of Supply, what happens when the price of a product rises?
Suppliers will produce less
Suppliers will stop producing
Suppliers will produce more
Demand will increase automatically
What happens in a market when supply exceeds demand?
Prices rise
Prices fall
Quantity demanded increases
Government sets a price ceiling
If the price of a substitute good increases, what is likely to happen to the demand for the original good?
Demand for the original good will decrease
Demand will remain the same
Demand for the original good will increase
Supply of the original good will decrease
Which of the following is NOT a benefit offered by the Pag-IBIG Fund?
Housing loan
Multi-purpose loan
Retirement savings
Free college education
What does “Pag-IBIG” stand for?
Pambansang Gabay sa Industriya at Gawa
Pagtutulungan sa Gitna ng Bayanihan sa Industriya at Gobyerno
Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya, at Gobyerno
Pagsusumikap sa Ginhawa ng Bayan at Guro
