FIRST PRELIM QUARTER EXAMINATION

S.Y. 2021-2022
ARAL PAN 9
GRADE 9 – COLOSSIANS

Name: ____________________________________________ Date: _________________

Teacher:_____________________________________

General Direction: This is a 50-item test, read each direction written in each type of test, answer this test in one
hour. Avoid erasures.

I. Multiple Choice
Direction: Read each question carefully. Choose the letter of the correct answer and write it on the space provided. Avoid
erasures.

____1. It is regarded as a social science because it uses scientific methods to build theories that can help explain the
behavior of individuals, groups and organizations.
a. Economics b. Economic System c. Economic Activities

____2. The following options are the branches of economics, except:

a. Macroeconomics b. Microeconomics c. Mixed economy

____3. It is one of the branches of economics that is concerned with individual markets and small aspects of the
economy.
a. Macroeconomics b. Microeconomics c. Mixed economy

____4. What is a branch of economics that is concerned with the whole aggregate economic issues such as inflation and
trade?
a. Macroeconomics b. Microeconomics c. Mixed economy

____5. It is the activity of making, providing, purchasing, or selling goods or services.
a. Economics b. Economic System c. Economic Activities

____6. This is an economic activities that are directly dependent on the environment as these refer to utilisation of earth’s
resources such as land, water, vegetation, building materials and minerals. 

a. Primary Sector b. Secondary Sector c. Tertiary Sector

____7. Quarternary sector activities are specialized tertiary activities that is also known as ________.
a. Knowledge Sector b. Labor Sector c. Mind Sector

____8. The following choices are examples of economic activities, except:

a. Selling mango float b. Working for money c. Cleaning the house

____9. The following choices are examples of microeconomics, except:

a. Individual Markets b. Whole economy (GDP) c. Individual consumer behavior

____10. The following choices are examples of macroeconomics, except:

a. Effect on a price of a good b. Inflation c. Employment/unemployment

____11. What do you call a factor of production that is any natural resource that’s needed in the production of a good or
service?
a. Capital b. Land c. Entrepreneurship

____12. The following options are examples of labor, except:

a. Factory workers b. Entrepreneurs c. Salespeople

____13. The following options are examples of entrepreneurship, except:

a. Facebook Inc. b. Jollibee Foods c. Commercial Building

____14. It is a factor of production which is the secret sauce that combines all the other factors of production or service for
the consumer market.
a. Capital b. Land c. Entrepreneurship
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____15. The following options are examples of capital goods, except:
a. Commercial building b. Machinery c. Money

____16. The following options are the factors of production, except:

a. Labor b. Consumer c. Entrepreneurship

____17. What factor of production that is about the man-made objects such as machinery being used in production?
a. Capital b. Land c. Entrepreneurship

____18. What factor of production that is used as raw materials in the production process?
a. Capital b. Land c. Entrepreneurship

____19. What factor of production that is consists of people that are responsible for the production of good or services?
a. Labor b. Land c. Capital

____20. What do you call to the resources used in creating or manufacturing a good or service in an economy?
a. Consumption b. Economic System c. Factors of Production

II. Enumeration.
Part 1: Give examples of 2 POSITIVE and 2 NORMATIVE STATEMENTS. (21-28) (2 POINTS EACH)

POSITIVE STATEMENTS
21-22)
23-24)

NORMATIVE STATEMENTS
25-26)
27-28)

Part 2: Give 2 examples of MACROECONOMICS and MICROECONOMICS. (29-36) (2 POINTS EACH)

EXAMPLES OF MACROECONOMICS
29-30)
31-32)

EXAMPLES OF MICROECONOMICS
33-34)
35-36)

Part 3: Write the ADVANTAGES and DISADVANTAGES of each type of economic system. (37-44) (1 POINT EACH)

TRADITIONAL ECONOMIC SYSTEM

ADVANTAGES 39.
37. 38.

COMMAND ECONOMIC SYSTEM

ADVANTAGES DISADVANTAGES
39. 40.

MARKET ECONOMIC SYSTEM

ADVANTAGES DISADVANTAGES
41. 42.

MIXED ECONOMIC SYSTEM

ADVANTAGES DISADVANTAGES
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 43. 44.

III. Essay
Answer the following questions. (At least 2-3 sentences per question) (3 POINTS EACH)
45-47) In your own words, what is consumption?

48-50) Is the saying “The customer is always right” right?

3 
The LORD is more pleased when we do what is right and just than when we offer him sacrifices.
− Proverbs 21:3 NLT

Prepared by:

Mary Rose E. Ocop

Subject Teacher

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