Name: ____________________________

1st Grading Examination

Social Studies 9 and 10

I. Economics
a. Define the following Economic terms:
1. Ceteris Paribus:

2. Opportunity Costs:

3. Scarcity:

b. Fill in the blanks:

1. ___________

3._________
2.______
SPENDING

GOODS

FIRMS

c. Problem Solving:
1. Pork 2. Chicken
PRICE QUANTITY PRICE QUANTITY
₱100 ½ kg ₱100 1 kg
₱200 1kg ₱200 2 kg
₱250 1 ¼ kg ₱250 2.5 kg
₱350 1 ¾ kg ₱350 3.5 kg
₱525 2 5/8 kg ₱525 5.25 kg
₱700 3 ½ kg ₱700 7 kg
₱850 4 ¼ kg ₱850 8.5 kg
₱900 4 ½ kg ₱900 9 kg
₱1000 5 kg ₱1000 10 kg
a. What is the price range of the individual? ______________________
b. How many kilos of pork can an individual purchase with ₱600 cash? ___________
c. How much does a 8 ¼ kilo of chicken costs? ________
d. In order to attain ceteris paribus, how many kilos of Pork and Chicken should be purchased?
Pork______ Chicken______