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Questions in economics

[Sagot para sa’yo] What do economists mean by "allocation"? A. Saving all your money B. Deciding how to distribute resources C. Ignoring the needs of society D. Giving everything to the government

[Sagot para sa’yo] Ano ang ibig sabihin ng market economy?

[Sagot para sa’yo] What do we call the tools and machines used in production? A. Labor B. Land C. Capital D. Investment

[Sagot para sa’yo] What term is used when someone chooses the best option among limited choices? A. Scarcity B. Barter C. Opportunity cost D. Allocation

[Sagot para sa’yo] Ano ang ibig sabihin ng digital economy?

[Sagot para sa’yo] What is the basic problem that economics tries to solve? A. How to print more money B. How to make everyone rich C. How to deal with scarcity and make choices D. How to avoid spending money

[Sagot para sa’yo] What is an example of entrepreneurship? A. A cashier working at a grocery store B. A teacher giving a lecture C. A person starting a business with a new idea D. A person driving a delivery truck

[Sagot para sa’yo] Ano ang “assumption” sa konteksto ng ekonomiks at bakit ito ginagamit?

[Sagot para sa’yo] What does "capital" mean in economics? A. A country’s main city B. Money saved in a bank account C. Tools and equipment used to make goods D. Credit card debt

[Sagot para sa’yo] Which of the following shows how expectations affect reality in economics? A. People always act logically B. If people believe prices will rise, they buy more now C. Wages never change D. Savings always increase during inflation