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1. DE LA SALLE JOHN BOSCO COLLEGE
La Salle Drive, John Bosco District, Mangagoy, Bislig City
Basic Education Department— Junior High School Level
FIRST QUARTERLY EXAMINATION IN SOCIAL STUDIES 9
S.Y. 2022-2023
Name: ___________________________________________ Date:____________________________
Grade & Section: _________________________________ Teacher: Ms. Carissa R. Yap
I. Multiple Choice: Identify what is described in every statement. Choose the letter of the correct
answer and write this on the space before the number.
______1. Which among the Greek words below means “Household management”?
a. Oikonomia c. Oikonomos
b. Oikonomein d. Oikonomikos
______2. Which term is defined as the study on how society decides to allocate
scarce resources among different alternative uses in order to satisfy
the most important wants of people?
a. Economics c. Oikonomikos
b. Oikonomos d. Microeconomics
______3. Which of the factors of consumption that uses strategy to encourage consumers to patronize its
products and services.
a. income c. price
b. advertisement d. occasion
______4. Eia went to the market to buy fresh fruits. She chose to buy those with lower prices over those with
higher prices. What factors of production does Eia apply to?
a. income c. price
b. occasion d. advertisement
______5. In general, consumption can be defined as____?
a. The resources we need in life
b. The confidence we have in an economy
c. The amount of money left over after taxes
d. The final purchase of goods and services by individuals
For numbers 6-15, identify what economic system is described in every number based in the given situation.
_____6. Economic decisions are made according to social roles and culture.
a. Command economy c. Mixed economy
b. Market economy d. Traditional economy
______7. Competition and free enterprise are common?
a. Command economy c. Mixed economy
b. Market economy d. Traditional economy
_____ 8. A central, governmental authority decides how to use a country's scarce resources?
a. Command economy c. Mixed economy
b. Market economy d. Traditional economy
_____9. The government and individuals are used to decide how to use scarce resources?
a. Command economy c. Mixed economy
b. Market economy d. Traditional economy
_____10. It is the type of economy that most countries in the world have.
a. Command economy c. Mixed economy
b. Market economy d. Traditional economy
_____11. It is the type of economy that is based on trading and bartering.
a. Command c. Market
b. Mixed d. Traditional

2. _____12. It is the type of economy that is based on trading and bartering.
a. Command c. Market
b. Mixed d. Traditional
_____13. The economy of the Bushmen of the Kalahari Desert in which the people follows the
examples of their ancestors.
a. Command c. Market
b. Centrally planned d. Traditional
_____14. The country of Korea has a dictator that makes most of the economic decisions.
a. Command c. Market
b. Centrally planned d. Traditional
_____15. What economic system do China and Cuba have?
a. Command c. Mixed
b. Market d. Traditional
_____16. Which of the following is NOT considered as one of the three basic questions of economics
when looking at economic systems?
a. What is the price of the goods? c. What goods should be produced?
b. Who gets to consume the goods? d. How should the goods be produced?
______17. What factor of production do oil, natural gas, and coal belong?
a. human resources c. entrepreneurship
b. natural resources d. capital resources
______18. Which of the following is NOT a factor of production?
a. capital c. land
b. entrepreneurship d. people
______19. Which of the following is NOT an economic resource?
a. pig c. Henry Sy
b. shovel d. money
______20. Which factor of production is defined as everything contained in the earth or found in the
sea just like coal and crude oil?
a. capital c. labor
b. entrepreneurship d. land
______21. A headline: "High Tech Firms Begin Producing New Generation of Computers."
What basic economic question is being addressed in this headline?
a. What to produce? c. How to produce?
b. For whom to produce? d. When to produce?
______22. What is economics?
Economics is the science that studies the choices people make to satisfy their
a. desires in a world of plentitude
b. passions in a world of scarcity
c. needs in a world of plenty
d. wants in a world of scarcity
______23. Which term is defined as the study on how society decides to allocate
scarce resources among different alternative uses in order to satisfy
the most important wants of people?
a. Economics c. Microeconomics
b. Oikonomos d. Oikonomikos
______24. All of the following are the rights of consumers except
a. right to choose
b. right to basic needs
c. right to responsibility
d. right to proper information
______25. This right creates awareness as to the rights of the consumers and the role they have in society.
a. right to redress
b. right to representation

3. c. right to consumer education
d. right to a healthy environment
_____26. All of the following are examples of a traditional economy except
a. hunting and gathering c. subsistence agriculture
b. large scale manufacturing d. the barter system
_____27. Which activity would be the most common characteristic of people in a traditional society?
a. working in an industrialized city c. establishing a mercantile system of trade
b. serving in government assemblies d. having the same occupation as their parents
_____28. How does a command economy differ from a free market economy?
a. Prices are set by consumer’s
b. There is a high rate of unemployment
c. Resources are allocated by government decisions
d. A variety of economic incentives encourage business growth
_____29. Which is the doctrine that government generally should not intervene in the marketplace?
a. Economic transition c. Mixed economics
b. Laissez faire d. Self interest
_____30. How are major economic decisions made in a command economy?
a. Manufacturers of industrial goods control the resources
b. Wholesalers of agricultural goods make most of the decisions
c. Supply and demand are determined by consumers of foodstuffs
d. Officials of the government control all aspects of economic activity
_____31. What is the function of the government in a command economy?
a. Trade policies mandated that imports exceed exports
b. They allow the laws of supply and demand to control the economy
c. The success of the agricultural sector controls the manufacturer's goods
d. They determine the type and quantity of goods to be produced through Five Year Plans
______32. Joe lives in a country where the citizens decide where they want to work, what they want to
buy, and how much they want to pay for items. Based on this limited description, Joe’s country
operates under what kind of economic system?
a. Command economy c. Mixed economy
b. Market economy d. Traditional economy
______33. Growth, efficiency, and freedom are broad social goals that are typically associated with
which type of economic system?
a. Command economy c. Mixed economy
b. Market economy d. Traditional economy
______34. A command economy is an economy where the economic questions are answered by
a. tradition c. the government
b. a foreign country d. the consumers and producers
______35. Which of the following is the best definition of an economic system? A
a. model for understanding how economies work
b. set of policies used by government to regulate what is produced
c. mechanism that decides what to make, how to make it, and who gets it
d. government program for promoting economic growth and employmen
______36. Factors of production include all of the following except
a. money c. machines made in past years
b. entrepreneurship d. a wheat field that is not irrigated
_____37. What is the best explanation of factors of production?
a. Labor and materials c. Raw materials used to produce products
b. Money and financing d. Resources used to produce goods and services
______38. In order to build a skyscraper, Builders Inc. purchases land, rents out several cement trucks,
and hires 400 construction workers and 50 managers. Builders Inc. represents
a. capital c. labor
b. entrepreneurship d. land
______39. What factor of production do the people who work in both the public and private sector
belong?

4. a. capital c. labor
b. entrepreneurship d. land
______40. Individuals who are willing to take risks, to bring the resources together and develop new products,
and start new business belong to a certain factor of production. Where do they belong?
a. capital c. labor
b. entrepreneurship d. land
II- Essay: Read and answer the question comprehensively in 3-5 sentences.
1. Cite at least two real-life experiences where you applied the factors of consumption (any of the 5
factors).
2. A country could be underdeveloped economically because of deficiencies in some factors of
production. If you were given the responsibility to improve the economy of the Philippines, what factors
of production will you try to make more available? Why do you want to have this? Explain your answer.