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Questions in economics

[Sagot para sa’yo] In economics, what is meant by the term "labor"? A. Machines used in factories B. Raw materials like wood or water C. People and their skills used to produce goods and services D. Money used to pay employees

[Sagot para sa’yo] Ano ang excess reserves at paano ito ginagamit ng mga bangko

[Sagot para sa’yo] What is the role of prices in an economy? A. They confuse consumers B. They only benefit businesses C. They help allocate resources D. They are set randomly

[Sagot para sa’yo] Ano ang ibig sabihin ng maturity risk premium sa usapin ng investment?

[Sagot para sa’yo] What is the payment made for the use of land called in economics? A. Salary B. Wage C. Rent D. Interest

[Sagot para sa’yo] Ano ang ibig sabihin ng social enterprise at paano ito naiiba sa ordinaryong negosyo?

[Sagot para sa’yo] Ano ang cooperative economy at paano ito makatutulong sa maliliit na prodyuser?

[Sagot para sa’yo] What type of labor does a licensed doctor represent? A. Skilled labor B. Unskilled labor C. Professional labor D. Manual labor

[Sagot para sa’yo] Which of the following is considered a renewable resource? A. Oil B. Gold C. Pine trees D. Natural gas

[Sagot para sa’yo] What does the term "diminishing marginal utility" mean? A. The more you have of something, the more you want it B. The value of each extra unit of a good increases C. Each extra unit gives less satisfaction than the one before D. Utility always stays the same