An economic term introduced by Daniel Bernoulli referring to the total satisfaction

received from consuming a good or service.

a) Utility
b) Total Utility
c) Marginal Utility
d) Law of Diminishing Marginal Utility

Which could be a direct correlation to the financial performance of the company.

Mismanagement could fraudulent or unethical business practices.
a. Management
b. Legal Issues
c. Government Regulation
d. Financial Performance

It implies avoiding both prolonged inflation and deflation

a) Price Stability
b) Price inflation
c) Inflation
d) Political Stability

Economics comes from the Greek word __________, which literally means __________.
a. Oikonomia, household management
b. Ekonomi, household production
c. Okonomia, household consumption
d. Oikonomi, household distribution

It concerned with “what should be”. It is essentially coated which their own value
judgements. They reveal the bias of the people who prescribe policy action on particular
issues. It choose which sectors of the society to favor, protect, or give greater
consideration.
a) Normative Prescription
b) Microeconomics
c) Positive economics
d) Macroeconomics

In main stream economic theories, it is the total hours (adjusted for intensity of effort)
that workers wish to works wish to work at a given real wage rate.
a. Labor Supply
b. Growth
c. Barter System
d. Corruption

During the Pre-Spanish Colonial Period, the trading system among ancient Filipinos and
traders from their island counter parts was made possible through _______________.
a) Barter System
b) Spanish Colonial Period
c) Pre-Decimal Coinage
d) Isabella Peso

The ____________ of a good or service is the amount of that consumers plan to buy
during a particular time period at particular price.
a. Quantity Demanded
b. Demand
c. Supply
d. Law of Demand
It is defined as the total amount of satisfaction that a person can receive from the
consumption of all units of a specific product or service.
a) Utility
b) Total Utility
c) Marginal Utility
d) Law of Diminishing Marginal Utility

Involves lawsuits.
a. Management
b. Legal Issues
c. Government Regulation
d. Financial Performance

It is regarded as a serious economic problem because it causes number of significant cost

to an economy
a) Price Stability
b) Price inflation
c) Inflation
d) Political Stability

It seeks to understand and explain the behavior of individuals --- the consumer, the
producer, the worker, the owner of capital assets, among others --- as respond to changes
in their economic environment, i.e., in the relative scarcity of things involved in their
choice field.
a. Normative Prescription
b. Microeconomics
c. Positive economics
d. Macroeconomics

The term ____________ refers to the entire relationship between the price of a good or
service and quantity demanded of a good or service.
a) Quantity Demanded
b) Demand
c) Supply
d) Law of Demand

It is a broad measure of a nation's total economic activity. It is also the value of all
finished goods and services produced in a country in one year by its nationals.
a. GDP
b. GNP
c. GIP
d. GHP

According to ________, economics is the study of how societies use scarce resources to
produce valuable commodities and distribute them among different people.
a) Stiegeter
b) Samuelson and Nordhaus
c) Professor Lionel Robbins
d) Albert Einstein

Every head of a household should strive to be cheerful, and should never fail to show a
deep interest in all that appertains to the well-being of those who claim the protection of
her roof
a. Economics as Social Science
b. Economics
c. Peso Evaluation
d. PPC
Defined as the additional utility gained from the consumption of one additional unit of a
good or service.
a) Utility
b) Total Utility
c) Marginal Utility
d) Law of Diminishing Marginal Utility

Which could be a direct correlation to the financial performance of the company.

Mismanagement could fraudulent or unethical business practices.
e. Management
f. Legal Issues
g. Government Regulation
h. Financial Performance

It implies avoiding both prolonged inflation and deflation

e) Price Stability
f) Price inflation
g) Inflation
h) Political Stability

Economics comes from the Greek word __________, which literally means __________.
e. Oikonomia, household management
f. Ekonomi, household production
g. Okonomia, household consumption
h. Oikonomi, household distribution

It concerned with “what should be”. It is essentially coated which their own value
judgements. They reveal the bias of the people who prescribe policy action on particular
issues. It choose which sectors of the society to favor, protect, or give greater
consideration.
e) Normative Prescription
f) Microeconomics
g) Positive economics
h) Macroeconomics

In main stream economic theories, it is the total hours (adjusted for intensity of effort)
that workers wish to works wish to work at a given real wage rate.
e. Labor Supply
f. Growth
g. Barter System
h. Corruption

During the Pre-Spanish Colonial Period, the trading system among ancient Filipinos and
traders from their island counter parts was made possible through _______________.
e) Barter System
f) Spanish Colonial Period
g) Pre-Decimal Coinage
h) Isabella Peso

The ____________ of a good or service is the amount of that consumers plan to buy
during a particular time period at particular price.
e. Quantity Demanded
f. Demand
g. Supply
h. Law of Demand