Professional Documents
Culture Documents
II. Matching Type. Match the descriptions in column A with the words in column B.
Write only the letter on the space provided before the number.
A B
____ 51. Semi-processed goods that are not yet ready for final use by the consumer A. Socio economics
____ 52. The buying and selling of goods and services between countries. B. Intermediate goods
____ 53. Commonly employs a man-machine setup with division of labor C. Trade flows
in a large scale profuction
____ 54. Studies how economic activity affects and is shaped by social processes. D. Manufacturing
____ 55. Analytical framework that can help identify the business’ risks and rewards E. Capital flows
____ 56. Goods that are ready for consumption. F. SWOT Analysis
____ 57. An economy sells goods to other countries. G. Final goods
____ 58. The movement of money for the purpose of investment, trade, H. Exports
or business production
____ 59. Simplest way to set up a business owned by a single individual I. Fisheries
____ 60. Resources used in the production of goods and services J. Sole Proprietorship
____ 61. A group of companies producing similar goods and/or services. K. Inputs
____ 62. Social, biological, and geographical objects involved in L. Industry
producing fish for human consumption
____ 63. A legal entity that is separate from its owners, the shareholders. M. Corporation
____ 64. A process that creates and/or adds value or utility N. Production
____ 65. The use of goods and services to satisfy human wants. O. Imports
P. Consumption
IV. Essay. (15points)
66-70. What do you think is the role of education and training in the pursuit of economic prosperity?
71-75. What are the implications of slow adoption of modern technology on the national economy?
76-80. The Pantawid Pamilyang Pilipino Program (4ps) is a conditional cash transfer program that aims to alleviate poverty.
Discuss the positive and negative sides of this policy and state and defend your position for this issue.