Republic of the Philippines

Department of Education
N a t i o n a l Ca pi t a l Re g io n
Sc h o o l s D i v is i o n O f fic e o f La s Pi ñ a s Ci t y

WORKSHEET IN ABM 11
Applied Economics
Second Semester
Week 1

MOST ESSENTIAL LEARNING COMPETENCY

Identify and state the importance of economic resources.
Cut and paste
Directions: There are three types of economic resources. Cut and paste at least
three (3) pictures in each type of resources from magazines or news paper
ECONOMIC RESOURCES
1. ______________ 2. ________________ 3. _______________
 Republic of the Philippines
Department of Education
N a t i o n a l Ca pi t a l Re g io n
Sc h o o l s D i v is i o n O f fic e o f La s Pi ñ a s Ci t y

WORKSHEET IN ABM 11
Applied Economics
Second Semester
Week 2
MOST ESSENTIAL LEARNING COMPETENCY
Explain how applied economics can be used to solve economic problems.
Tell me your thoughts
Directions: Identify one current economic problem of our country and answer how it
is going to be addressed through the following questions.
Economic Problem: _____________________________
 Republic of the Philippines
Department of Education
N a t i o n a l Ca pi t a l Re g io n
Sc h o o l s D i v is i o n O f fic e o f La s Pi ñ a s Ci ty

WORKSHEET IN ABM 11
Applied Economics
Second Semester
Week 4
MOST ESSENTIAL LEARNING COMPETENCY
٠Determine the implications of market pricing on economic decision-making.
٠Identify the factors influencing pricing decisions.
٠Differentiate the degrees of elasticity.

Directions: Read and understand each sentence. Encircle the letter of the
correct answer.
1. It refers to the set of actions, or tactics, that a company uses to promote its
brand or product in the market.
A. Market Mix C. Goods Market
B. Market Economy D. Labor Market
2. It means interaction between buyers and sellers for trading or exchange. It
is where the consumer buys and the seller sells.
A. Demand C. Price
B. Market D. Supply
3. It is the availability of employment and labor, in terms of supply and
demand.
A. Goods Market C. Labor Market
B. Labor Supply D. Demand & Supply
4. It is the common type of market because it is where we buy consumers
goods.
A. Labor Supply C. Labor Market
B. Goods Market D. Demand & Supply
5. It is the degree of the response of demand and supply of a change in price
or a non-price determinant.
A. Elasticity C. Unitary
B. Inelastic D. Market
6. It is a change in the price of that good causes an equal change in quantity
demanded.
A. Inelastic C. Unitary Elastic
B. Elasticity D. Market
7. It is the willingness of a consumer to buy a commodity at a given price.
A. Demand C. Price
B. Market D. Supply
8. It refers to the quantity of goods that a seller is willing to offer for sale.
A. Demand C. Price
B. Market D. Supply
9. This measures the responsiveness of demand to a change in the price of the
good.
A. Income Elasticity C. Price Elasticity of Supply
B. Cross Elasticity D. Price Elasticity of Demand
10. It measures how the quantity demanded changes as consumer income
changes.
A. Income Elasticity of Demand C. Price Elasticity of Supply
B. Income Elasticity of Supply D. Price Elasticity of Demand