Drill #18 Flashcards
Which of the following describes
the relationship between price and
quantity supplied?
A. direct relationship
B. inverse relationship
C. no relationship
D. random relationship
A. direct relationship
a good for which demand increases as income increases
Normal good (ex: luxury good)
A rare type of inferior good for which demand increases as the price increases.
Giffen good
What is the definition of price elasticity of demand?
A. The measure of how responsive the quantity demanded is to a
change in price
B. The measure of how responsive
the quantity supplied is to a
change in price
C. The measure of how responsive
the quantity demanded is to a
change in income
D. The measure of how responsive
the quantity supplied is to a
change in income
A. The measure of how responsive
the quantity demanded is to a
change in price
What are price controls in economics?
A. Government interventions to regulate the prices of goods and services.
B. The maximum amount that a company can charge for its
products or services.
C. The minimum amount that a
company can charge for its
products or services.
D. The amount of money that a
company earns after paying
its expenses.
A. Government interventions to regulate the prices of goods and services.
The two main types of price controls are price ceilings and price floors. Differentiate them.
A price ceiling is a maximum price that can be charged for a good or service, while a price floor is a minimum price that must be charged.
What is the name of the law in
the Philippines that mandates a
minimum wage for workers?
A. Republic Act No. 7655
B. Republic Act No. 6713
C. Republic Act No. 7877
D. Republic Act No. 7277
A. Republic Act No. 7655
(Clue: Workers need minimum wage to eat 555 corn tuna)
What is the law in the Philippines
that criminalizes any illegal activity carried out using computers or the internet?
A. Republic Act No. 10175
B. Republic Act No. 9165
C. Republic Act No. 8981
D. Republic Act No. 9262
A. Republic Act No. 10175
(Clue: Error 101)
Teacher Clarissa would like to measure if her students are capable of applying their knowledge, skills, and abilities to authentic problems. Which type of assessment must be employed to do this?
A. formative assessment
B. performance assessment
C. diagnostic assessment
D. summative assessment
B. performance assessment
Which of the following is an effective way to incorporate technology into social studies education?
A. allowing students to use their smartphones during class to search for
information
B. using interactive whiteboards to display pre-made presentations
C. providing students with online resources to supplement their learning
D. banning the use of technology in the classroom
B. using interactive whiteboards to display pre-made presentations
What is the primary goal of teaching social studies in schools?
A. to memorize historical facts and dates
B. to develop critical thinking and
problem-solving skills
C. to promote political ideologies
D. to learn about different cultures and traditions
B. to develop critical thinking and
problem-solving skills
Which type of literature review introduces several theories or concepts which focus on a specific topic?
A. methodological review
B. integrative review
C. theoretical review
D. context review
C. theoretical review
Which of the following charter documents of our country is also known as the “Freedom Constitution”?
A. 1987 Constitution
B. 1973 Constitution
C. Malolos Constitution
D. Provisional 1986 Constitution
D. Provisional 1986 Constitution
In U.S. Elections, how are the number
of electoral votes determined for each state?
A. It is based on the state’s population
B. It is based on the state’s geographical size
C. It is based on the state’s number of representatives in Congress
D. It is based on the state’s economic strength
C. It is based on the state’s number of representatives in Congress
How many electoral votes are needed to win the presidential election?
A. 100
B. 270
C. 538
D. 435
B. 270
