1. What do you call the condition in which our wants are greater than our limited resources?A. EconomicsC. ScarcityB. Opportunity CostD. Trade-off2. What do you call things that you gave up when you make a choice?A. ChoiceC. problemB. opportunity costD. Trade-off3. What do you call the application of economic principles and theories to real-world situations?A. Applied EconomicsC. MacroeconomicsB. EconomicsD. Microeconomics4. Which of the following is not a factor of production?A. CapitalC. LaborB. TaxD. Land5. What is supply?A. It is a choice that you gave upC. It is the totality of our needsB. It is the amount of goods for saleD. It refers to the economy6. Which of the following classifications does not fall under underemployment?A. Highly skilled but working in low paying jobsB. Part-time workers who would prefer to be full time.C. Without work and currently available for workD. Workers who are highly skilled but working in low skill jobs7. When does underemployment occur?A. It is when a person does have workB. It is when a person does not have workC. It when a person does not work for a job that fits his/her skills,D. It is when a person works for a job that fits his/her skills.8. Which of the following works best for our country?A. Decrease in the employment rateC. Increase in the underemployment rateB. Decrease in the underemployment rate D. Increase in the unemployment rate 29. What is most likely to happen when the population continues to rise?A. Employment rate will go upC. Resources will become scarceB. Poverty rate will decreaseD. Unemployment rate will go down10. According to Philippine Statistics Authority (PSA) what is the minimum age that a Filipinoin order to be classified as an unemployed person?C. 15 yearsoldA. 13 years oldD. 18 years old11. What kind of approach is used by economists to explain how the economy works?A. CollaborativeC. positiveperimentalD. scientificrthan your resources?B. 14 years old
1. 1. What do you call the condition in which our wants are greater than our limited resources?A. EconomicsC. ScarcityB. Opportunity CostD. Trade-off2. What do you call things that you gave up when you make a choice?A. ChoiceC. problemB. opportunity costD. Trade-off3. What do you call the application of economic principles and theories to real-world situations?A. Applied EconomicsC. MacroeconomicsB. EconomicsD. Microeconomics4. Which of the following is not a factor of production?A. CapitalC. LaborB. TaxD. Land5. What is supply?A. It is a choice that you gave upC. It is the totality of our needsB. It is the amount of goods for saleD. It refers to the economy6. Which of the following classifications does not fall under underemployment?A. Highly skilled but working in low paying jobsB. Part-time workers who would prefer to be full time.C. Without work and currently available for workD. Workers who are highly skilled but working in low skill jobs7. When does underemployment occur?A. It is when a person does have workB. It is when a person does not have workC. It when a person does not work for a job that fits his/her skills,D. It is when a person works for a job that fits his/her skills.8. Which of the following works best for our country?A. Decrease in the employment rateC. Increase in the underemployment rateB. Decrease in the underemployment rate D. Increase in the unemployment rate 29. What is most likely to happen when the population continues to rise?A. Employment rate will go upC. Resources will become scarceB. Poverty rate will decreaseD. Unemployment rate will go down10. According to Philippine Statistics Authority (PSA) what is the minimum age that a Filipinoin order to be classified as an unemployed person?C. 15 yearsoldA. 13 years oldD. 18 years old11. What kind of approach is used by economists to explain how the economy works?A. CollaborativeC. positiveperimentalD. scientificrthan your resources?B. 14 years old
Answer:
1.a 2.b 3.d 4 to 11 ewanExplanation:
yan po
