Applied Economics Quiz
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Questions and Answers

Which of the following best describes the nature of Applied Economics?

  • A branch of social science (correct)
  • A branch of natural science
  • A branch of humanities
  • A branch of mathematics
  • Which of the following is NOT a learning competency in Applied Economics?

  • Differentiating Economics as Social Science and Applied Science
  • Analyzing Market Demand, Market Supply and Market Equilibrium
  • Analyzing Different Principles, Tools, and Techniques in Creating a Business (correct)
  • Determining the Implications of Market Pricing on Economic Decision-making
  • Which of the following is a contemporary economic issue affecting Filipino entrepreneurs?

  • Market Demand
  • Market Equilibrium
  • Market Pricing
  • Socio-Economic Factors (correct)
  • What is the main focus of Business Principles, Tools, and Techniques in Participating in Various Types of Industries in the Locality?

    <p>Understanding the local business environment</p> Signup and view all the answers

    What is the impact of business on the community?

    <p>Positive contribution to economic growth</p> Signup and view all the answers

    Study Notes

    Applied Economics

    • Applied Economics is a field of study that combines economic theories and principles to analyze and address real-world economic problems and issues.

    Learning Competencies in Applied Economics

    • Learning competencies in Applied Economics include critical thinking, problem-solving, data analysis, and effective communication.

    Contemporary Economic Issues

    • One contemporary economic issue affecting Filipino entrepreneurs is the impact of digital transformation on businesses and industries.

    Business Principles, Tools, and Techniques

    • The main focus of Business Principles, Tools, and Techniques in Participating in Various Types of Industries in the Locality is to equip students with the necessary skills and knowledge to start and manage a business venture in their locality.

    Business and the Community

    • The impact of business on the community includes job creation, economic growth, and social responsibility.

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    Description

    Test your knowledge of applied economics with this quiz! Learn about the nature and scope of economics as a social science and applied science. Explore the utility and application of applied economics in solving economic issues and problems. Analyze market dynamics and economic theories. Ideal for students and enthusiasts of economics.

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