HotelInfantesAgres - Bawat tanong, may sagot. Logo

Questions in economics

[Sagot para sa’yo] What were the main weaknesses of the mercantilist trade system?

[Sagot para sa’yo] What is comparative advantage, and why is it important in international trade? Use a real example.

[Sagot para sa’yo] What is a market economy driven by? A. Traditions B. Government officials C. Individual choices and voluntary exchange D. Church decisions

[Sagot para sa’yo] Why do countries impose tariffs? A. To promote free trade B. To reduce export opportunities C. To protect local industries or raise revenue D. To support consumers

[Sagot para sa’yo] What is socialism most known for? A. Zero government involvement B. Private ownership only C. Higher government control and redistribution of wealth D. Full religious control of the economy

[Sagot para sa’yo] What is the difference between a command economy and a market economy? Which system do you think is better for the Philippines, and why?

[Sagot para sa’yo] Explain the concept of opportunity cost and describe a situation in your daily life where you experience it.

[Sagot para sa’yo] What is marginal analysis, and how can it help you make better decisions?

[Sagot para sa’yo] What is mercantilism? A. A system that promotes free markets B. A trade system that values more imports C. A theory focused on export surpluses and gold hoarding D. A socialist policy on trade

[Sagot para sa’yo] Ano ang mga salik ng produksyon (means o factors of production) at bakit sila mahalaga sa ekonomiya?