DIVINE GRACE MONTESSORI AND HIGH SCHOOL OF URDANETA, INC.
__Urdaneta __Tayug __Rosales __Pozurrobio __ Malasiqui
FIRST Quarterly ASSESSMENT
Araling Panlipunan 9
I. Write the letter of the correct answer on the space before the number.
______1. Which of the following refers to the process of creating products and
services using raw materials and productive inputs?
A. production B. consumption C. allocation D. compensation
______2. Which of the following refers to the process of using resources in the
most efficient way?
A. production B. consumption C. allocation D. compensation
______3. It is the used kf system of social organization handed down from
previous generation in answering the what, how, and for whom questions in an
economy.
A. market B.tradition C. command D. Allocation
______4. Which of the given selection refers to an economic system wherein
the key economic functions of what, how, and for whom are determined by
the central planning office?
A. economic system C. economic command
B. market economy D. pricing system
______5. Which of the following refers to an economic system wherein the
what, how, and for whom questions are answered by interaction in the market.
A. economic system C. Economic command
B. pricing system D. market economy
______6. It refers to an economic activity that forgoes present consumption
with the goal of increasing consumption in the future.
A. production B. investment C. consumption D. compensation
______7. Which of the following is the process of assigning resources to various
use to answer human wants and needs?
A. compensation B. distribution C. allocation D. production
______8. It refers to the rate of increase in general price level.
A. compensation B. distribution C. allocation D. inflation
______9. It is the expansion of capacity of the economy to produce goods and
services in future through increase in factor inputs and implement in
technology.
A. economic growth C. economic stability
B. economic system D. market economy
______10. Which of the following is a mechanism used in the production
process through unique way of combining factor input and raw materials?
A. materials B. technology C. command D. market
______11. Which of the following is a situation where demNd us greater than
supply at prevailing price?
A. compensation B. allocation C. excess demand D. inflation
______12. It is the ability of the economy to respond to changes in aggregate
demand or in aggregate supply without extreme difficulties.
A. inflation B. investment C. economic growth D. economic stability
______13. Which of the following refers to the expansion of the capacity of
economy to produce goods and services in the future through increases in factor
inputs and improvement in technology?
A. economic stability C. compensation
B. economic growth D. allocation
______14. These refers to the need to maintain and prolong a productive life
free from diseases, malnutrition, hunger, and early death.
A. health and nutrition C. political value
B. income D. consumption
______15. Which of the following classification of family expenditures include
those for food, housing, utilities and others.
A. basic expenditures C. expenditures
B. Miscellaneous expenditures D. Expenses
______16. It pertains to expenditures to personal care, medical care,
transportation, recreation and others.
A. basic expenditures C. expenditures
B. miscellaneous expenditures D. expenses
______17. Which of the following refers to the most important factor in
satisfying basic human needs?
A. income B. expenses C. savings D. consumption
______18. Which of the following is a part of production which is not currently
consumed?
A. income B. expenses C. savings D. consumption
______19. Which of the following refers to a state where buyers and sellers
transact economic goods, services and resources?
A. market B.command C. tradition D. power
______20. It is a configuration of institutions, mechanism, and structures in a
society which organizes it's citizens in a productive activities.
A. economic system C. market econom
B. command system D. political economy
II. Match Column A with Column B. Write the letter of the correct answer on the
space before the number.
SET A
______21. These are inputs that are changed, A. Price control
altered, or process into new product B. Productivity
or services. C. unemployment rate
______22. These are the transforming inputs D. Pricing system
including labor, capital, land and E. Economic system
technology. F. Compensation
______23. It is a part of the product which is G. Market
not currently consume. H. Savings
______24. It is defined as a state where buyers I. Factor inputs
and sellers transact economic goods, J. Intermediate inputs
services, and resources. K. Barter
______25. It is a payment for a service rendered.
______26. It is a system adopted by a society to
deal with economic problem.
______27. It refers to the system of determing
the values of resources, goods and
services.
______28. It is the proportion of people looking
for work to the total labor.
______29. It is the ability of factor resources
in contributing to the process of
production .
______30. It is the setting of maximum or
minimum price by the government.
SET B
______31. It is process of planned recovery K. Underemployment rate
from a devastating experience. L. Rehabilitation
______32. It refers to the proportion of people M. Consumption
working but still looking for additional N. Productivity
work. O. Esteem needs
______33. It is the ability of factor resources in
contributing to the process of production.
______34. It refers to the desire of person to have
stable and high evaluation of themselves.
______35. It pertains to the use of resources to
meet human needs and wants.
III. Write the answer on the space before the number.
Optimization Basic needs Basic social concern Consumption pattern
Conspicuous pattern Expenditure Food threshold Human wants
Hierarchyof needs poverty savings.
_______________36. It means that consumers maximize their satisfaction in the purchase of goods and
services and producers maximize their profits and minimize their cost in the production activities.
_______________37. It includes physiological and safety needs,and these are the needs that must be
met for survival.
_______________38.It represents an idea of common well-known being for the Filipinos.
_______________39. It is the practice of consuming in highly excessive, wasteful, and unnecessary
amounts.
_______________40. It is a state wherein an individual is unable to consume the minimum amount of
basic needs for survival.
_______________41. It consist of those wants that pertains to bodily needs, interest and comforts.
_______________42. It is an ordering needs developed by Abraham Mallows.
_______________43. It is the particular amount of food or nutritional intake which one must consume
for a healthy life.
_______________44. It refers to the expenses or disbursement in return for the consumption of goods
and services.
_______________45. It refers to the manner in which household, individual's or entities allocate their
limited resources among different consumption wants and needs.
IV. Explain briefly but substantially.
46-48. What are the major economic problems? Explain each.
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49-51.How can the problem of survival in the future be answered?
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52-55. What are some evidences of widespread poverty in the Philippines?
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_____________________________ Prepared By:
Parents Signature MARISYLL M. ANDRADA
Teacher
