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WorksheetsGALILEI - QUIZ 2
Total questions: 15
Worksheet time: 8mins
What are the two main groups in a simple Philippine economy?
Consumers and investors
Producers and government
Filipino consumers and producers
Exporters and importers
What is the main reason why families need to purchase goods from markets?
Goods are free for all citizens
Families need to pay for the goods they consume
Producers donate goods to consumers
Goods are produced only by the government
What motivates parents to work in order to meet family needs?
To increase the country's GDP
To earn income to buy goods
To support producers
To lessen migration
Which of the following is an example of a producer?
A student using school supplies
A mall visitor
A farm growing vegetables
A family consuming food
What happens when the family income is insufficient?
They stop consuming goods
They must balance consumption with available income
They increase their salary automatically
They receive free goods from producers
One major cause of unemployment is:
Too many job openings
People refusing to work
More people entering the job market than available jobs
Lack of school buildings
Which of the following contributes to rural-to-urban migration?
Lower cost of living in rural areas
Better employment opportunities in cities
Free housing in rural communities
Improved economic activity in rural areas
What is one solution to unemployment mentioned in the text?
Increase urban migration
Promote labor-intensive industries
Remove educational requirements
Reduce foreign investments
What is a common cause of poverty?
Declining population
Increasing cost of living
Excessive government spending
Overproduction of goods
One way to reduce poverty is to:
Increase unemployment
Reduce social services
Provide unemployment benefits
Encourage people to move to urban areas
What is a major problem associated with poor infrastructure?
High literacy rates
Lack of government reforms
Excessive exports
Fast delivery of public services
Which is one recommended action to improve infrastructure?
Reduce taxes for the poor only
Stop private investment
Implement fiscal reform programs
Reduce foreign trade
What is a major cause of income inequality in the Philippines?
Too many infrastructures projects
Political culture such as “palakasan”
High agricultural production
Low population growth
Which type of tax is often carried by poor consumers?
Corporate tax
Property tax
Value-added tax (VAT)
Luxury tax
Why does income inequality persist according to the text?
Everyone pays equal income taxes
All taxes are progressive
Political culture and tax burdens differ
Producers earn less than consumers
