Economics And Government

Question 1

Power of state to charge burden

Answer 1

Taxation

Question 2

Blood of government

Answer 2

Tax

Question 3

Power of state to Charge burden impost to land and structure

Answer 3

Real estate tax

Question 4

Power of state for general welfare of people

Answer 4

Polis power

Question 5

Power of state for public use

Answer 5

Eminent/exproperation power

Question 6

Economic system base in free enterprices

Answer 6

Capitalism

Question 7

Economic system that allow private property government property

Answer 7

Socialism

Question 8

Economic system that doesn’t allow private property

Answer 8

Communism

Question 9

Government in England

Answer 9

Constitutional monarchy

Question 10

Government that elite is the one to lead

Answer 10

Aristrocacy

Question 11

No government

Answer 11

Anarchy

Question 12

Government that few can only lead

Answer 12

Oligarcy

Question 13

Can lead base in talent

Answer 13

Merotocracy

Question 14

Government like marcos legislative and executive

Answer 14

Parliamentary

Question 15

Government that lead by people

Answer 15

Democracy

Question 16

Governing body combined into one

Answer 16

Unicameralism

Question 17

Executive and legislative mix

Answer 17

Parliamentalism

Question 18

Jones law

Answer 18

Bicameralism

Question 19

Type of economic systems

Answer 19

Traditional
Command
Market

Question 20

Only one to control products

Answer 20

Monopoly

Question 21

Many to control products

Answer 21

Oligopoly

Question 22

Individual markets

Answer 22

Microeconomics

Question 23

Whole economy

Answer 23

Macroeconomics

Question 24

Called when products value increase

Answer 24

Appreciation

Question 25

Called when products value decrease

Answer 25

Depreciation

Question 26

Willingness to buy

Answer 26

Demand

Question 27

Willingness to produce

Answer 27

Supply

Question 28

Law of demand

Answer 28

P^ D v P v D^

Question 29

Law of Supply

Answer 29

P^ D^ P v D v

Question 30

Demand that is not essential

Answer 30

Elastic demand

Question 31

Demand that is essential

Answer 31

Inelastic demand

Question 32

Called in goods when income increases demand increases

Answer 32

Normal goods

Question 33

Called in good that when income increases demand decrease

Answer 33

Inferior demand

Question 34

Tax system Called when increases in income increases of tax

Answer 34

Progressive

Question 35

Tax system Called when increases in income decrease of tax or decrease income increases tax

Answer 35

Regressive

Question 36

Tax system Called when increases in income same parin sa tax

Answer 36

Proportional

Question 37

Called when increases in price

Answer 37

Inflation

Question 38

Called when decrease the price

Answer 38

Deflation

Question 39

Called in rapid increases of prize

Answer 39

Hyperinflation

Question 40

GDP GNP GNI

Answer 40

Inside Philippines products All Filipino products Foreign products

Question 41

Seller tax

Answer 41

Capital tax

Question 42

Adult citizen tax

Answer 42

Community tax

Question 43

Imported goods tax

Answer 43

Tariff

Question 44

Luxury good tax

Answer 44

Ad valorem tax

Question 45

Alcohol cigarettes tax

Answer 45

Sin tax

Question 46

Professional tax

Answer 46

Income tax

Question 47

Heritage tax

Answer 47

Inheritance tax