M3

Question 1

What agreement allowed American businesses to operate in the country just like Filipino businesses?

Answer 1

The Bell Trade Act

Question 2

This is illegal business where people sold products without paying taxes.

Answer 2

Black Market/ Underground economy

Question 3

Give one example of a business that boomed during Manuel Roxas’s time.

Answer 3

1. Construction
2. Industrial Revival
3. Banking and Finance
4. Import-Export Business

Question 4

This code aimed to abolish share tenancy and introduce a leasehold system.

Answer 4

Agricultural Land Reform Code

Question 5

What economic policies did Macapagal implement to improve the country’s economy?

Answer 5

decontrol of foreign exchange/
liberalization of trade

Question 6

What are the two Monikers that President Carlos P. Garcia earned?

Answer 6

1.Prince of Visayan Poets
2. Bard from Bohol

Question 7

He implemented the “Filipino First Policy”

Answer 7

Carlos P. Garcia

Question 8

Producing textiles, food products, and household items expanded.

Answer 8

Manufacturing

Question 9

The status of the economy during his presidency was largely agriculture-based, with most of the population engaged in farming and fishing.

Answer 9

Carlos P. Garcia

Question 10

He reintroduced free trade and free enterprise, allowing more foreign competition, which negatively affected local industries.

Answer 10

Diosdado Macapagal