Group 10

Tuala, Michelle Mae

Villano, Aziel Ree
Villanueva, Reynaldo

1. Which law extends American rights in the Philippines not only to the exploitation of natural resources but also to
all economic activities?
a. Bell Trade Act
b. Philippine Trade Act
c. Laurel-Langley Agreement
d. Philippine Foreign Service Act

2. Which law aimed to protect Filipino retail interests?

a. Retail Trade Assimilation Act of 1954
b. Retail Trade Naturalization Act of 1954
c. Retail Trade Acclimatization Act of 1954
d. Retail Trade Nationalization Act of 1954

3. Who led the attacks on the ‘parity rights’ and the role of the U.S. in Filipino affairs?
a. Claro M. Recto
b. Jose P. Laurel
c. Carlos P. Garcia
d. Ramon Magsaysay

4. Who is the Filipino economic nationalist that implemented the “Filipino First Policy”?
a. Claro M. Recto
b. Jose P. Laurel
c. Carlos P. Garcia
d. Ramon Magsaysay

5. What is the aim of the “Filipino First Policy”?

a. To provide foreign investors more priority over local businessmen.
b. To provide local businessmen more priority over foreign investors.
c. To help foreign businessmen in entering the domestic industry.
d. To provide foreign businessmen to have unlimited imports.

6. What is the reaction of the Foreign businessmen to the Filipino First Policy?
a. Foreign businessmen are pleased because they have now total control of the economy.
b. Foreign businessmen are pleased because they have now total equal rights in the economy with the
Filipino businessmen.
c. Foreign businessmen are not pleased because the policy hindered their business.
d. Foreign businessmen are not pleased because the restrictions are not fair for their business.

7. Choose the best reason why the Filipino First Policy was implemented.
a. It is because of the predominant role of foreigners in the Philippine economy.
b. It is because Filipino nationalists cry for the foreign country's economic Independence.
c. It is because the government realized that there is a balance allocation of dollars for imports.
d. It is because the foreign products are purchased more than the local products.