AP 9

Quiz #1
09/07/22
 TRUE or FALSE

1. Economics is the study of

the choices of people make to
satisfy their wants and needs
with unlimited supply of
resources.
 TRUE or FALSE

2. People’s needs and wants

are limited depending on their
desired outcome.
 TRUE or FALSE

3. The study of economics also

involves the study of
Reproduction, Distribution and
Consumption.
 TRUE or FALSE

4. Necessity is something that

people desire or need to have.
 TRUE or FALSE

5. Service is a physical product

we can hold or touch.
 TRUE or FALSE

6. Goods are actions provided

to us that so we may get what
we want or need.
 TRUE or FALSE

7. Resources is one of the main

problem in economics.
TRUE or FALSE

8. Scarcity is having an
unlimited supply of resources
to meet the needs and wants
of the society.
 TRUE or FALSE

9. Learning economics is for

you to learn concepts and skill
to improve your life to get you
rich.
TRUE or FALSE

10. Having a large territory,

big population and good
economic resources can
prevent a country or place
from having scarcity.
Answer
 TRUE or FALSE

1. Economics is the study of

the choices of people make to
satisfy their wants and needs
with unlimited supply of
resources.
 Answer: 1

FALSE - Economics is the study of

the choices of people make to
satisfy their wants and needs with
limited supply of resources.
 TRUE or FALSE

2. People’s needs and wants

are limited depending on their
desired outcome.
 Answer: 2

FALSE - People’s needs and wants

are unlimited despite of their
desired outcome.
 TRUE or FALSE

3. The study of economics also

involves the study of
Reproduction, Distribution and
Consumption.
 Answer: 3

FALSE – PRODUCTION, Distribution

and Consumption
 TRUE or FALSE

4. Necessity is something that

people desire or need to have.
Answer: 4

FALSE – WANT is something that

people desire or need to have.
 TRUE or FALSE

5. Service is a physical product

we can hold or touch.
 Answer: 5

FALSE – GOOD is a physical product

we can hold or touch.
 TRUE or FALSE

6. Goods are actions provided

to us that so we may get what
we want or need.
 Answer: 6

FALSE – SERVICE are actions

provided to us that so we may get
what we want or need.
 TRUE or FALSE

7. Resources is one of the main

problem in economics.
Answer: 7

FALSE – Not meeting the WANTS

and NEEDS or Limited resources
are the main problem in
economics.
TRUE or FALSE

8. Scarcity is having an
unlimited supply of resources
to meet the needs and wants
of the society.
Answer: 8

FALSE – Scarcity is having an

LIMITED supply of resources to
meet the needs and wants of the
society.
 TRUE or FALSE

9. Learning economics is for

you to learn concepts and skill
to improve your life to get you
rich.
 Answer: 9

FALSE – Learning economics is for

you to learn concepts and skills on
HOW TO DEAL WITH SCARCITY,
MAKE GOOD DECISIONS BY SEEING
THE UNSEEN.
TRUE or FALSE

10. Having a large territory,

big population and good
economic resources can
prevent a country or place
from having scarcity.
 Answer: 10

FALSE – Having a large territory,

big population and good economic
resources HAVE NOTHING TO DO
WITH SCARCITY.
 AP 9
PT #1
09/07/22
Interview: General Instruction

Interview one member of

your family and someone
not related to you.
 Interview: Questions
Let them answer the following questions:
1. Ilan ang miyembro ng inyong pamilya?
2. Ilan sa inyu ang itinuturing na tagapagtaguyod ng pamilya o breadwinner?
3. Magkano ang kita ng inyong pamilya kada buwan? Sapat ba ito para sa inyong
pamilya? Bakit oo? Bakit hindi?
4. Paano inilalaan ng inyong pamilya ang inyong kita? Ano ang inyong mga
pangunahin at iba pang pangangailangan? (top 3)
5. Ano ang ginagawa ng inyong pamilya kapag kinukulang ang inyong badyet? Paano
tumutugon ang mga miyembro ng inyong pamilya sa ganitong sitwasyon?
6. Anong mga kaugalian at kasanayan ang itinuturo sa inyo ng inyong magulang o ang
pinaiiral sa inyong tahanan upang matulungan kayo na maging mahusay sa
pagpasiya?
 Interview: Format 1

Short bondpaper in a folder (with fastener)

- Your name
- Name of the interviewee
- Age
- Part of the family
- Question and Answer
 Interview: Format 2

Video – USB/Bluetooth/shareit
- Introduce your name
- Name of the interviewee
- Age
- Part of the family
- Question and answer
Interview: Deadline

Monday
September 12, 2022
8:00 am
 AP 9
Quiz #2
09/19/22
Choose the letter of the statement that you
think is Right, True or a Better Statement 1
A. Basic necessity also includes emotional,
mental and spiritual needs

B. High value necessity also includes

emotional, mental and spiritual needs
Choose the letter of the statement that you
think is Right, True or a Better Statement 2
A. Studying economics makes you a better
decision maker

B. Studying economics makes you a better

problem solver
Choose the letter of the statement that you
think is Right, True or a Better Statement 3
A. We need to prioritize basic needs than
high value needs

B. We need to prioritize high value needs

than basic needs
Choose the letter of the statement that you
think is Right, True or a Better Statement 4
A. Needs is what people mostly desire

B. Wants is what people mostly desire

Choose the letter of the statement that you
think is Right, True or a Better Statement 5
A. Economic irresponsibility is like you
spending money at things that are not
necessary

B. Economic wants is like you spending

money at things that are not necessary
Choose the letter of the statement that you
think is Right, True or a Better Statement 6
A. Available goods are free for all

B. Free goods are free for all

Choose the letter of the statement that you
think is Right, True or a Better Statement 7
A. Getting what you want results to
people’s happiness

B. Getting what you need results to

people’s happiness
Choose the letter of the statement that you
think is Right, True or a Better Statement 8
What is not included in non-economic
wants?
A. Love
B. Respect
C. Vacation
Choose the letter of the statement that you
think is Right, True or a Better Statement 9
What is not included in economic needs?
A. Food
B. Travel
C. Rent
Choose the letter of the statement that you
think is Right, True or a Better Statement 10
A. Economics helps us to be better on what
to prioritize

B. Economics helps us think on what to

prioritize
Choose the letter of the statement that you
think is Right, True or a Better Statement 11
A. Necessity is what makes us live

B. Economics is what makes us live

Choose the letter of the statement that you
think is Right, True or a Better Statement 12
A. Non-economical necessity can be bought

B. Economical necessity can be bought

Choose the letter of the statement that you
think is Right, True or a Better Statement 13
A. High value necessities varies on people

B. Basic necessities varies on people

Choose the letter of the statement that you
think is Right, True or a Better Statement 14
A. Necessity is better than wants

B. Wants is better than necessity

Choose the letter of the statement that you
think is Right, True or a Better Statement 15
A. Economics is a study of important
activities in life

B. Economics is a study of normal activities

in life
Exchange notebooks 
Choose the letter of the statement that you
think is Right, True or a Better Statement 1
A. Basic necessity also includes emotional,
mental and spiritual needs

B. High value necessity also includes

emotional, mental and spiritual needs
Choose the letter of the statement that you
think is Right, True or a Better Statement 2
A. Studying economics makes you a better
decision maker

B. Studying economics makes you a better

problem solver
Choose the letter of the statement that you
think is Right, True or a Better Statement 3
A. We need to prioritize high value needs
than basic needs

B. We need to prioritize basic needs than

high value needs
Choose the letter of the statement that you
think is Right, True or a Better Statement 4
A. Needs is what people mostly desire

B. Wants is what people mostly desire

Choose the letter of the statement that you
think is Right, True or a Better Statement 5
A. Economic irresponsibility is like you
spending money at things that are not
necessary

B. Economic wants is like you spending

money at things that are not necessary
Choose the letter of the statement that you
think is Right, True or a Better Statement 6
A. Available goods are free for all

B. Free goods are free for all

Choose the letter of the statement that you
think is Right, True or a Better Statement 7
A. Getting what you want results to
people’s happiness

B. Getting what you need results to

people’s happiness
Choose the letter of the statement that you
think is Right, True or a Better Statement 8
What is not included in non-economic
wants?
A. Love
B. Respect
C. Vacation
Choose the letter of the statement that you
think is Right, True or a Better Statement 9
What is not included in economic needs?
A. Food
B. Travel
C. Rent
Choose the letter of the statement that you
think is Right, True or a Better Statement 10
A. Economics helps us to be better on what
to prioritize

B. Economics helps us think on what to

prioritize
Choose the letter of the statement that you
think is Right, True or a Better Statement 11
A. Necessity is what makes us live

B. Economics is what makes us live

Choose the letter of the statement that you
think is Right, True or a Better Statement 12
A. Non-economical necessity can be bought

B. Economical necessity can be bought

Choose the letter of the statement that you
think is Right, True or a Better Statement 13
A. High value necessities varies on people

B. Basic necessities varies on people

Choose the letter of the statement that you
think is Right, True or a Better Statement 14
A. Necessity is better than wants

B. Wants is better than necessity

Choose the letter of the statement that you
think is Right, True or a Better Statement 15
A. Economics is a study of important
activities in life

B. Economics is a study of normal activities

in life