Republic of the Philippines

Department of Education
REGION III – CENTRAL LUZON
SCHOOLS DIVISION OF TARLAC PROVINCE
CALULUAN HIGH SCHOOL – ANNEX
PANDO, CONCEPCION, TARLAC

NAME: ______________________________________ SCORE:____________

GRADE & SECTION: __________________________ DATE:_____________

QUIZ 1
CLASSIFICATION OF GOODS
Direction: Please perform independently. Pick all the goods and classify them accordingly. Your
mother went to the market to shop goods for the family. She purchased the following goods.
Canned goods; bread; sacks of rice; meat; vegetables; toothpaste; bath soaps; perfumes;
wrist watch; aircon to ventilate her store and coffee maker for her store.

Consumer good

Industrial goods

Essential Goods

LUXURY GOODS

ECONOMIC GOODS

II. Fill in the blanks.

1. Economics has two fields: micro and macroeconomics.
study of markets of good and services and focuses on the
behaviour of individual on products and services in the market while

Address: Pando, Concepcion, Tarlac

 Republic of the Philippines
Department of Education
REGION III – CENTRAL LUZON
SCHOOLS DIVISION OF TARLAC PROVINCE
CALULUAN HIGH SCHOOL – ANNEX
PANDO, CONCEPCION, TARLAC

deals with the study of the economy as a whole and

focuses on aggregate indicators such as ;
; .
2. The Classification of goods:
; ; ;
3. There are four factors of production or the resources needed to produce products and
services:
; ; ; .
4. Needs and wants are while resources are
.

Prepared by: Signed by: Signed by:

RODELIO C. CANDELARIA _______________________ _______________________

Subject Teacher Name of Student Parent / Guardian

Address: Pando, Concepcion, Tarlac