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LET Social Science Reviewer

This document discusses supply and demand, including how the two factors influence price. It provides examples of how price is affected if supply is high but demand is low, or if supply is limited but demand is high. It defines key terms like equilibrium, which refers to a balance between supply and demand where the optimal price is determined. The document also notes that demand may not always increase when price decreases, as other factors could influence demand. Additional examples are given about how changes in supply would impact the price of specific goods.
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0% found this document useful (0 votes)
607 views3 pages

LET Social Science Reviewer

This document discusses supply and demand, including how the two factors influence price. It provides examples of how price is affected if supply is high but demand is low, or if supply is limited but demand is high. It defines key terms like equilibrium, which refers to a balance between supply and demand where the optimal price is determined. The document also notes that demand may not always increase when price decreases, as other factors could influence demand. Additional examples are given about how changes in supply would impact the price of specific goods.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Social Science 27.

Which part/s of the Visayas has/have comparatively


1.major cause of both World War I and World War II? more excessively moist climate and limited arable lands?
d. The rise of totalitarian fascist states b. Eastern
2.In which organization is the Philippines a member to 28. Which follows Pres. Garcia’s “Filipino First Policy”?
fight communist aggression? d. SEATO Filipinos
3.The theory that population increases by geometrical d. Were to be given first preference in all matters
ratio while the means of subsistence increases by related to the economic development of the cou
arithmetical ratio is attributed to? 29. Aside from the Philippines, which countries claim
b. Robert Malthus part of the Spratly islands in the South China Sea?
5.In what instance is the Filipino double- b. China, Taiwan, Vietnam, Malaysia
standard morality shown? 30. constitutional rights EXCEPT to  b. Have access to
d. A married man who flirts with someone else all records of the government
other than his wife seems acceptable but a married
woman who flirts with another man is condemned. 1. Congress shall make no law respecting an
5. Which part of Asia does the Arabian peninsula
establishment of religion, or prohibiting the free exercise
occupy? c. Southwest
6. The important factors which have contributed to the thereof; or abridging the freedom of speech, or of the
weakness in the internalization of desirable values is press; or the right of the people peaceably to assemble,
the? and to petition the Government for a redress of
a. Lack of models among the very people expected grievances.
to exemplify these values This paragraph appears in which historic document?
7. To govern is to rule and the government rules by laws. E. The U. S. Constitution
Whose main duty is the enforcement of laws? d.
2. NAFTA stand for? = North American Free Trade
Executive department
8. class of Filipinos who were free and independent a. Agreement
Timawa 3. suffrage mean? =c. Right to vote 
9. responsible for naming the archipelago Filipinas d. 4. Supply and demand are two important factors that
Villalobos expedition influence the market. Supply means the amount of a
10. 3rd and last military governor of the Philippines was specific product or service available. Demand refers to
c. Gen. Arthur MacArthur the amount of that product or service consumers want to
11. Katipunan member commuted from Cavite to Manila
to buy materials -b.Agueda Esteban purchase. Both of these factors influence the price of
12. free enterprise? c. Capitalism  goods. For example, if there is a large supply of a
13. the so-called colonial mentality manifested? c. product which few people want to buy, the price of that
Xenocentrism product will go down. As the price goes down, demand
14. Which is a safeguard against unfair trade practices usually increases. Eventually, a balance between the
like short-weighing? two factors is reached and the optimal price for that
c. Consumer vigilance
product or service is determined. At that point, the supply
15. from largest to smallest, Australia fall-. 7th continent
16. In which continent can we find stormy Cape Horn and demand have reached equilibrium.
which is known as the graveyard of ships and sailors ? Why does demand only "usually" go up when the price is
c. South America lowered?
17. Which led to the creation of Pakistan as a nation in C. Price may not be the only factor causing low
1947? Religious differences between d. Hindus and demand 
Muslims 5. Supply and demand are two important factors that
18. common to Sun Yat Sen and Mahatma Gandhi?
influence the market. Supply means the amount of a
b. Rejected violence as a way to political
power specific product or service available. Demand refers to
19. Nebuchadnezzar was to the Babylonian Empire as the amount of that product or service consumers want to
Asoka was to the ______ Empire. d. Maurya purchase. Both of these factors influence the price of
20. With the opposition of the parity rights in mind, who goods. For example, if there is a large supply of a
does NOT belong to the group? product which few people want to buy, the price of that
c. Manuel Roxas product will go down. As the price goes down, demand
21. When the Filipino reformists asked for the
assimilation of the Philippines by Spain, what did they usually increases. Eventually, a balance between the
ask for? For the Philippines to ____ b. Become a two factors is reached and the optimal price for that
province of Spain product or service is determined. At that point, the supply
22. Who among the Presidents changed the date of our and demand have reached equilibrium.
celebration of Independence day from July 4 to June 12? If supply of a product is limited, but demand is high, how
b. Diosdado Macapagal would the price be affected?
23. In which country did the Philippines participate in the
A. It would go up 
world’s peacekeeping operations by sending doctors,
nurses, soldiers and police? c. Iraq 6. Supply and demand are two important factors that
24. Rizal write about offering one’s life for one’s country? influence the market. Supply means the amount of a
d. Mi Ultimo Adios specific product or service available. Demand refers to
25. which of the following island/s do people travel the amount of that product or service consumers want to
mostly by water? c. Visayas purchase. Both of these factors influence the price of
26. As an insular country, to which principle does the goods. For example, if there is a large supply of a
Philippines adhere when it comes to territorial boundary?
product which few people want to buy, the price of that
d. Archipelagic doctrine
product will go down. As the price goes down, demand
usually increases. Eventually, a balance between the these steps are in place to protect the safety and liberty
two factors is reached and the optimal price for that of all Americans.
product or service is determined. At that point, the supply Why can court decisions be appealed?
and demand have reached equilibrium. A. So that mistakes can be corrected if they are
Based on the passage, what does equilibrium mean? made 
E. Balance 18. In the United States, individuals who are suspected
7. A new dog toy is introduced in pet stores in April for of criminal behavior are considered innocent until they
$19.99, but by December the toy is being sold for $4.99. are proven guilty. All citizens have the right to due
According to the law of supply and demand which is process which means they are entitled to a fair trial
most likely to be true about the dog toy? before a jury of their peers. In addition, they have a right
B. Supply for the toy was high but the demand was to a lawyer who will help them support their case.
low  Because the suspect is considered innocent until judged
8. If a drought severely reduces the amount of corn otherwise, the prosecution has the burden of proof. Even
available to consumers, what would you expect to after a verdict is made on the case, both sides can
happen? appeal to a higher court to reconsider the decision. All of
E. The price of corn would go up these steps are in place to protect the safety and liberty
9. If 200 jobs are available and only 100 people are of all Americans. In other countries, suspects are
unemployed, what will have to happen according to the considered guilty until proven innocent. How would this
laws of supply and demand? affect the burden of proof in a trial?
A. Companies needing employees will need to D. The defendant would have the burden of proof
increase pay  instead of the prosecutor 
10. type of government does U.S have? B. Democracy  19. In the United States, individuals who are suspected
11. In the first half of the 20th century, it was not unusual of criminal behavior are considered innocent until they
for African American people to have to use different are proven guilty. All citizens have the right to due
drinking fountains, lunch counters, and even schools process which means they are entitled to a fair trial
than other Americans. This was known as which of the before a jury of their peers. In addition, they have a right
following? A. Segregation  to a lawyer who will help them support their case.
12. If the last presidential election was in 2000, when will Because the suspect is considered innocent until judged
the next one take place? C. 2004  otherwise, the prosecution has the burden of proof. Even
13. American writer Henry David Thoreau wrote that if a after a verdict is made on the case, both sides can
law "requires you to be the agent of injustice to another, appeal to a higher court to reconsider the decision. All of
then I say, break the law." What idea is Thoreau these steps are in place to protect the safety and liberty
supporting? E. Civil disobedience of all Americans.
14. What does a map's legend help you do? Why is the right to due process important?
D. Read the map's symbols correctly  A. It prevents innocent people from being wrongly
15. Which government official(s) is appointed and not punished 
elected by the U. S. citizens? 20. Franklin Delano Roosevelt's New Deal helped
C. Supreme Court Justice  America recover from the Great Depression by providing
16. In the United States, individuals who are suspected federal money for construction projects, including
of criminal behavior are considered innocent until they schools and roads. How did this help the country
are proven guilty. All citizens have the right to due recover?
process which means they are entitled to a fair trial B. It created desperately needed good paying jobs 
before a jury of their peers. In addition, they have a right 21. In American cities after the Industrialization Age
to a lawyer who will help them support their case. began, it was not unusual to see children huddled
Because the suspect is considered innocent until judged together without shoes, warm clothing, shelter, or decent
otherwise, the prosecution has the burden of proof. Even food. These children illustrated what unhappy effect of
after a verdict is made on the case, both sides can Industrialization in the United States?
appeal to a higher court to reconsider the decision. All of B. Because of low wages, many people lived in
these steps are in place to protect the safety and liberty poverty 
of all Americans. What is "burden of proof"? 1. world’s largest continent? b. ASIA 
B. The responsibility for convincing the jury of their 2. Western Asia, also called the Middle East includes the
case  following countries EXCEPT…= c. Afghanistan SW
17. In the United States, individuals who are suspected Turkey ,Iran, Iraq, WEST ASIA
of criminal behavior are considered innocent until they 3. holds for the lowest temperature on earth? b. SIBERIA
are proven guilty. All citizens have the right to due 4.MOST populated continent in world A.ASIA 
process which means they are entitled to a fair trial 5. The hieroglyphics were invented by the early Egyptians
before a jury of their peers. In addition, they have a right while the cuneiform writing was invented by… d. Sumerians
to a lawyer who will help them support their case. a. Siberians - Yupik www.omniglot.com
Because the suspect is considered innocent until judged b. Chinese  - Hanzi www.globalizationpartners.com
otherwise, the prosecution has the burden of proof. Even c. Japanese  - Hiragara, Katakana and
after a verdict is made on the case, both sides can Kanji. www.guidetojapanese.org
appeal to a higher court to reconsider the decision. All of
6.Which is the cradle of the world’s great religions? c. Asia 
The world’s five biggest religions began in Asia.

The Middle East is the birthplace of Judaism, Christianity,


and Islam.
India is the ancient home of Hinduism and Buddhism.
7. greatest philosopher of Ancient China & known for the
Doctrine of the Golden Rule = d. Confucius
 Mencius- earned him the title “second sage.”
 Lao Tzu- is popularly known as Taoism, from Tao,
Li Yuan – the founder of Tang dynasty
8.was built by Shih Huang Ti? = b. Great Walls 
a.Hanging Gardens of Babylon built by King Nebuchadnezzar
II to cheer his homesick wife Amyitis
c.Taj Mahal- Mughal Emperor Shah Jahan got this monument
(Taj Mahal) constructed in memory of his beloved wife
Mumtaz Mahal
d. Forbidden City - was built by Emperor Yongle of Ming
Dynasty. It was home to 24 emperors of the Ming (1368–
1644) and Qing (1644–1911) Dynasties.
9. Venetian traveler and merchant whose accounts stirred
Europeans interest to explore the East? =c. Marco Polo 
 Henry the Navigator -responsible for Portugal’s influence in
the Great Age of Exploration. Because of him, Portuguese
were the first to sail into the African’s Gambia. 
 Vasco da Gama - first person to sail directly from Europe to
India.
 Amerigo Vespucci a Florentine navigator and explorer who
played a prominent role in explo

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