DIVINE GRACE MONTESSORI AND HIGH SCHOOL OF URDANETA, INC.

__Urdaneta __Tayug __Rosales __Pozurrobio __ Malasiqui

FIRST Quarterly ASSESSMENT

Araling Panlipunan 9

I. Write the letter of the correct answer on the space before the number.

______1. Which of the following refers to the process of creating products and
services using raw materials and productive inputs?

A. production B. consumption C. allocation D. compensation

______2. Which of the following refers to the process of using resources in the
most efficient way?

A. production B. consumption C. allocation D. compensation

______3. It is the used kf system of social organization handed down from

previous generation in answering the what, how, and for whom questions in an
economy.

A. market B.tradition C. command D. Allocation

______4. Which of the given selection refers to an economic system wherein

the key economic functions of what, how, and for whom are determined by
the central planning office?

A. economic system C. economic command

B. market economy D. pricing system

______5. Which of the following refers to an economic system wherein the

what, how, and for whom questions are answered by interaction in the market.

A. economic system C. Economic command

B. pricing system D. market economy

______6. It refers to an economic activity that forgoes present consumption
with the goal of increasing consumption in the future.

A. production B. investment C. consumption D. compensation

______7. Which of the following is the process of assigning resources to various

use to answer human wants and needs?

A. compensation B. distribution C. allocation D. production

______8. It refers to the rate of increase in general price level.

A. compensation B. distribution C. allocation D. inflation

______9. It is the expansion of capacity of the economy to produce goods and

services in future through increase in factor inputs and implement in
technology.

A. economic growth C. economic stability

B. economic system D. market economy

______10. Which of the following is a mechanism used in the production

process through unique way of combining factor input and raw materials?

A. materials B. technology C. command D. market

______11. Which of the following is a situation where demNd us greater than

supply at prevailing price?

A. compensation B. allocation C. excess demand D. inflation

______12. It is the ability of the economy to respond to changes in aggregate

demand or in aggregate supply without extreme difficulties.

A. inflation B. investment C. economic growth D. economic stability

______13. Which of the following refers to the expansion of the capacity of

economy to produce goods and services in the future through increases in factor
inputs and improvement in technology?
A. economic stability C. compensation

B. economic growth D. allocation

______14. These refers to the need to maintain and prolong a productive life
free from diseases, malnutrition, hunger, and early death.

A. health and nutrition C. political value

B. income D. consumption

______15. Which of the following classification of family expenditures include

those for food, housing, utilities and others.

A. basic expenditures C. expenditures

B. Miscellaneous expenditures D. Expenses

______16. It pertains to expenditures to personal care, medical care,

transportation, recreation and others.

A. basic expenditures C. expenditures

B. miscellaneous expenditures D. expenses

______17. Which of the following refers to the most important factor in

satisfying basic human needs?

A. income B. expenses C. savings D. consumption

______18. Which of the following is a part of production which is not currently

consumed?

A. income B. expenses C. savings D. consumption

______19. Which of the following refers to a state where buyers and sellers
transact economic goods, services and resources?

A. market B.command C. tradition D. power

______20. It is a configuration of institutions, mechanism, and structures in a
society which organizes it's citizens in a productive activities.

A. economic system C. market econom

B. command system D. political economy

II. Match Column A with Column B. Write the letter of the correct answer on the
space before the number.

SET A

______21. These are inputs that are changed, A. Price control

altered, or process into new product B. Productivity

or services. C. unemployment rate

______22. These are the transforming inputs D. Pricing system

including labor, capital, land and E. Economic system

technology. F. Compensation

______23. It is a part of the product which is G. Market

not currently consume. H. Savings

______24. It is defined as a state where buyers I. Factor inputs

and sellers transact economic goods, J. Intermediate inputs

services, and resources. K. Barter

______25. It is a payment for a service rendered.

______26. It is a system adopted by a society to

 deal with economic problem.

______27. It refers to the system of determing

the values of resources, goods and

services.

______28. It is the proportion of people looking

for work to the total labor.

______29. It is the ability of factor resources

in contributing to the process of

production .

______30. It is the setting of maximum or

minimum price by the government.

SET B

______31. It is process of planned recovery K. Underemployment rate

from a devastating experience. L. Rehabilitation

______32. It refers to the proportion of people M. Consumption

working but still looking for additional N. Productivity

work. O. Esteem needs

______33. It is the ability of factor resources in

contributing to the process of production.

______34. It refers to the desire of person to have

stable and high evaluation of themselves.

______35. It pertains to the use of resources to

 meet human needs and wants.

III. Write the answer on the space before the number.

Optimization Basic needs Basic social concern Consumption pattern
Conspicuous pattern Expenditure Food threshold Human wants
Hierarchyof needs poverty savings.

_______________36. It means that consumers maximize their satisfaction in the purchase of goods and
services and producers maximize their profits and minimize their cost in the production activities.

_______________37. It includes physiological and safety needs,and these are the needs that must be
met for survival.

_______________38.It represents an idea of common well-known being for the Filipinos.

_______________39. It is the practice of consuming in highly excessive, wasteful, and unnecessary

amounts.

_______________40. It is a state wherein an individual is unable to consume the minimum amount of

basic needs for survival.

_______________41. It consist of those wants that pertains to bodily needs, interest and comforts.

_______________42. It is an ordering needs developed by Abraham Mallows.

_______________43. It is the particular amount of food or nutritional intake which one must consume
for a healthy life.

_______________44. It refers to the expenses or disbursement in return for the consumption of goods
and services.

_______________45. It refers to the manner in which household, individual's or entities allocate their
limited resources among different consumption wants and needs.

IV. Explain briefly but substantially.

46-48. What are the major economic problems? Explain each.

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49-51.How can the problem of survival in the future be answered?

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52-55. What are some evidences of widespread poverty in the Philippines?

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_____________________________ Prepared By:

Parents Signature MARISYLL M. ANDRADA

Teacher