Rona Windy A.

Alayon
BSED SOCIAL STUDIES III-B

COMPARATIVE ECONOMIC PLANNING REVIEWER

1. What is the primary objective of a fixed exchange rate regime?

Provide exchange rate stability
2. What distinguishes a floating exchange rate regime?
Exchange rate are determined by market forces, such as supply and
demand
3. What is the main goal of inflation targeting?
Helps control inflation, provides predictability, and stabilizes prices
4. In an economic downturn, what does expansionary fiscal policy aim
to achieve?
Governs increase spending and/or reduce taxes
5. What potential drawback is associated with inflation targeting?
It may lead to interest rate votality and can be less effective in
addressing other economic challenges like unemployment
6. What is the primary focus of austerity measures?
Reducing government spending and increasing taxes to control budget
deficits
7. In terms of exchange rate regimes, what is a drawback of fixed
exchange rates?
Limit monetary policy flexibility
8. What does inflation targeting prioritize?
Price stability over other objectives like growth and employment
9. What is a potential consequence of implementing austerity
measures during an economic downturn?
Slow economic growth and exacerbate social inequalities
10. Which factor is crucial for the effectiveness of financial and
monetary policies?
Coordinated approach
11. What is a coordinated approach between monetary and fiscal
policies essential for?
Helps achieve both short-term stability and long-term growth
1. What historical factor contributed to significant disparities in
healthcare outcomes between different socio-economic groups?
Accessibility/primarily available to those who can afford it
2. Which modern approach aims to ensure that all citizens have
access to essential medical services, regardless of their income or
social status?
Universal healthcare
3. What technological advancement has played a crucial role in
expanding healthcare access, especially during the COVID-19
pandemic?
Telemedicine
4. Historically, what was a common issue with healthcare quality,
even for those who could access it?
Health quality was often inconsistent and subpar
5. What is a key factor in improving healthcare quality, emphasizing
ongoing education and training for healthcare professionals?
Continuing medical education
6. What should expansionary fiscal policies be accompanied by to
avoid long-term debt issues?
Sustainable fiscal policies
7. In the context of inflation targeting, what may be a challenge
besides controlling inflation?
Maintain price stability
8. What is a potential drawback of floating exchange rates?
Exchange rate votality
9. How can fiscal deficits impact a country in the long term?
Can boost economic activity in the short term and can lead to fiscal
consolidation*
10. How do global recessions impact the Philippines' economy?
Reduced demand for Philippine exports. Lower remittances from OFWs,
and disruptions in global supply chains
11. What is a common policy response in the Philippines to counter
the effects of global recessions?
Counter-cyclical and fiscal and monetary policies
12. How does trade dynamics influence the Philippines' economic
planning?
Shifts in global demand and changes in international trade agreements
13. What is a key strategy in economic planning to address trade
dynamics in the Philippines?
Diversify export markets and products
14. What impact do geopolitical shifts have on the Philippines'
economy?
Influence foreign direct investment, trade flows and regional economic
environment
15. How does the Philippines respond to geopolitical shifts in its
economic planning?
Efforts to maintain positive diplomatic relations
16. What is a major concern related to Overseas Filipino workers
(OFWs) in economic planning?
Global economic conditions, employment opportunities and migration
policies impact the income and job security of Filipino workers abroad
17. What measures are included in economic planning to address
OFWs' concerns?
Measures to protect the rights and welfare of OFWs, diversify labor
markets, and encourage overseas Filipinos to invest in the Philippines
18. How do global environmental factors impact the Philippines'
economy?
Can disrupt agriculture, infrastructure, and tourism
19. What is a key policy response to address climate change and
natural disasters in economic planning?
Disaster risk reduction and climate adaptation
20. Which social safety net component provides financial protection
against high healthcare costs?
Health insurance
21. What challenge is associated with balancing the need for
increased healthcare accessibility and quality with available financial
resources?
Funding
22. What demographic factor puts pressure on existing healthcare
and social service systems?
Aging populations
23. What is a common feature of modern social safety nets to
support retirees and the elderly?
Pension Systems
24. What has played a crucial role in expanding healthcare access in
rural and underserved areas?
Community Health Initiatives
25. What is the importance of being responsive to changing economic
conditions and global dynamics?
*Policies must be adaptable
*Achieving stability and growth