1ST MONTHLY ASSESSMENT SCORE

NAME    
SUBJECT APPLIED ECONOMICS
GRADE 12 SECTION ABM 2A
TEACHER ERGINO, Michael James E. DATE  
INSTRUCTIONS Answer the following questions concisely.

1. What is the basis of human wants and what are the factors affecting human wants?

Their are many human basic wants in life. Some of them were really a big deal like a
car, a house and lot and some other expensive products. Some other people would
also desire for a simple clothes, or any simple things that other people have, and the
factors that affecting human to have this things would definitely because of financial
problem. For example, an unwealthy girl wanted to buy a smartphone but her family
can't afford to buy those things, and end up on nothing but to understand that
everything needs a compensation, whether you want it or you need it.

2. Create a list of need of 5 people and assign a value to each need, eg. Water – P150,
Electricity – P500. Make your own observation and write a generalization derived from
your list as you explain the role of economics in your daily life.

“The future belongs to those

who believe in the
beauty of their dreams.”

PREPARED BY:

(SGD.) MICHAEL JAMES E. ERGINO

Subject Teacher