M2

Question 1

It is the secret selling of food, sugar, and fuel at a high price.

Answer 1

BLACK MARKET

Question 2

Sergio Osmeña signed this act in 1946 which established a trade relationship between the Philippines and United States.

Answer 2

Bell Trade Act

Question 3

With which country did the Philippines prioritize re-establishing trade relations after the World War II, in order to secure financial aid and investment for reconstruction?

Answer 3

United States

Question 4

What BIBA means?

Answer 4

Bigasang Bayan

Question 5

He was a lawyer and politician who serves as the President of the Philippines from 1944-1946.

Answer 5

Sergio Osmeña

Question 6

What were the major challenges faced during Jose P. Laurel’s presidency?

Answer 6

Economic Crisis & Food Shortages

Question 7

Jose P. Laurel’s administraion is also known as what?

Answer 7

Puppet Republic

Question 8

Following the devastation of World War Il in the Philippines, what was the immediate priority for both the government and the private sector?

Answer 8

Reconstruction and Rehabilitation

Question 9

What is the main reason why money can appear to have little value and can contribute to rising inflation?

Answer 9

Too much printing of Money or Production of Money