Republic of the Philippines

POLYTECHNIC COLLEGE OF BOTOLAN

(Formerly Botolan Community College) Republic of the Philippines
Botolan Zambales POLYTECHNIC COLLEGE OF BOTOLAN
E-mail: polytechniccollegeofbotolan@gmail.com (Formerly Botolan Community College)
Website: www.pcb2009.net Botolan Zambales
E-mail: polytechniccollegeofbotolan@gmail.com
Midterm Examination Website: www.pcb2009.net
Soc Sci 4
ECONOMICS, AGRARIAN REFORM, TAXATION AND CURRENT EVENTS Final Examination
Soc Sci 4
ECONOMICS, AGRARIAN REFORM, TAXATION AND CURRENT EVENTS
Name: __________________________________ Date: ______________
Year & Section: ___________________________ Score : _____________
Name: __________________________________ Date: ______________
Year & Section: ___________________________ Score : _____________
I. Essay. Answer the question clearly and comprehensively. (20 points each)
1. What is inflation? What particular month of the year do we experience temporary I. Essay. Answer the question clearly and comprehensively. (20 points each)
inflation? Discuss
2. Explain the different functions of money. 1. Why are government agencies exempted from taxes?
3. What is recession and how can the government solve this problem? 2. Discuss the Land Reform Act during the Martial Law Period.
4. Give an example of an economic problem now prevailing in the country? Explain. 3. Explain the Torrens system of land reform?
4. Differentiate tax evasion, tax avoidance, and tax exemption.

Prepared by:
Prepared by:
IANNE JOY Y. MANIQUIZ IANNE JOY Y. MANIQUIZ
Instructor Instructor