QUIZ 1

APPLIED ECONOMICS G11-Algorithm

Name:________________________________________ Date:________________

Direction: Answer and discuss the following questions below.

1. Give your own meaning of the term ECONOMICS. 10 pts.

2. What is the importance of Economics to you as a students and what is the impact of studying this subject to you as a
whole? 5 pts

3. As of today we have met series of economic problems. Give and identify at least 3 economic problems that is occurring
today in our community, local, national or international problems that may affect us all and give your simple ways or
suggestions how we may solve and minimize this problems. 5 pts each.
4. Macroeconomics VS. Microeconomics

5. Discuss Economics as branch of Social Sciences..