Department of Education

REGION IX
Western Mindanao
A urora P ioneers M emor ial C ollege
(FORMERLY: Cebuano Barracks Institute )
Bonifacio St. Pob. Aurora Zamboanga Del Sur
Tel. No. : (062) 331-2332

MIDTERM EXAMINATION for 2nd QUARTER IN

APPLIED ECONOMICS

Name:___________________________________________________________________Date: ______________

Identification: No erasures allowed. No change of answers allowed. (2 Points Each)

____________________1. Is development that meets the needs of the present without compromising the ability
of future generations to meet their own needs.
____________________2. Refers to the essential needs of the world’s poor, to which overriding priority should
be given.
____________________3. Imposed by the state of technology and social organization on the environment’s
ability to meet present and future needs.
____________________4. Refers to the community and everyone in it, be in households or as part of social
groups.
____________________5. Refers to the environment and natural resources and is sometimes referred to as the
planet pillar.
____________________6. Refers to the effective management of organization in order to continue operations.

____________________7. Refers to the development that takes into consideration the impact on the society and
the environment.
____________________8. Refers to a project that takes into account the effect on the environment alongside
economic growth.
____________________9. A development primarily considers the different segments of the society alongside
potential profits.
____________________10. As defined in economics rests on the idea of fairness or just treatment of all
individuals and groups of society.
____________________11. Is the branch of economics that deals with policies centered on improving individual
welfare and social well-being through judgments and ideals.
____________________12. Refers to an individuals satisfaction level which is based on personal judgement.
____________________13. Refers to the optimal use of resources.
____________________14. Is a non-profit organization in the Philippines that monitors the country’s HDI an
advocates related programs that are believed will help improve the well-being of Filipinos.
____________________15. Is explores further in the context of business.

Enumeration: No erasures allowed. No change of answers allowed. 2 Points each.

Tips in creating an effective survey. Explain each in your own understanding. (5 Points Each)

16.
17.
18.
19.
20.

Prepared by: Mrs. Joan Mae A. Villegas

 ANSWER KEY

Identification
1. Sustainable Development
2. The Concept of Needs
3. The idea of limitations
4. Social Pillar
5. Environmental Pillar
6. Economic Pillar
7. Livable
8. Viable
9. Equitable
10. Equity
11. Welfare economics
12. Utility
13. Efficiency
14. Human Development Network
15. Social Welfare

Enumeration
1. Specify the objective of the survey
2. Be clear
3. Avoid personal biases
4. Use only relevant questions
5. Be organized

Explanation in each may vary.