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What is considered the fundamental issue in economics that economic institutions address?
Which of the following is NOT one of the primary social institutions listed?
Economic institutions primarily allow people to participate in which of the following?
What role does education play in society according to the lesson targets?
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What term describes organizations such as banks that operate outside of government control?
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Why are collaborations and partnerships important in building communities and institutions?
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How can economic institutions evolve over time?
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Which of the following is NOT an example of a transnational advocacy group?
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Which of the following best describes the function of banks in economic systems?
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What is the primary function of a development agency?
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Which of the following examples represents a governmental development agency?
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What aspect or field of development do international organizations promote?
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Which statement best reflects the meaning of the proverb 'It takes a village to educate a child'?
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What social role does education serve in society?
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What is a reason why education is considered a social equalizer?
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Which of the following statements best captures the cultural significance of education in the Philippines?
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What does self-actualization in Maslow's hierarchy of needs primarily refer to?
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According to UNESCO, education is considered what type of right?
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What is one of the key experiences emphasized in education?
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What role does education play in making one an intelligent consumer?
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How is religion defined according to the Shorter Oxford English Dictionary?
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What purpose does religion serve according to the content?
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Which of the following is NOT indicated as an educational experience?
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What does primary education as a human right assert?
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What are some of the fundamental elements that religious activities focus on?
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How does religion function within society according to the content?
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Which of the following religions is known for originating in West Asia and is one of the oldest in the world?
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What does Ecumenism emphasize?
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What aspect of society is often shaped or influenced by religion?
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What does the term 'ecumenism' derive from?
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Which religion is rooted deeply in the culture of India?
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According to the content, what role can religion play in society?
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What does ecumenism primarily promote?
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What has historically been a major cause of conflicts in the world?
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Which conflict is NOT mentioned as being influenced by religion?
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What is a common theme in religious conflicts historically?
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What concept suggests that different Christian practices could still unite in purpose?
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Which of the following historical events did NOT involve religious conflict?
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What has ecumenism NOT sought to achieve?
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What role does religion play in historical conflicts as mentioned?
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Study Notes
Economic Institutions
- Economic institutions are key to development in an interdependent world.
- Institutions facilitate participation in economic spheres within societies and cultures.
- Economic systems define the functions and responsibilities of economic institutions.
- Economic institutions are comprised of government, non-government, private organizations, and corporations in a given country.
- They address scarcity and competition for resources.
- They also facilitate trade, commerce, exchange of goods and services, and financial transactions.
- Economic institutions may evolve based on their integration with political and cultural dimensions.
Non-State Institutions
- Banks and Corporations: Deal in money and its substitutes; provide money-related services.
- Transnational Advocacy Groups: Advocate for a specific cause across international borders. Examples include Amnesty International, Ford Foundation, Greenpeace, World Wildlife Fund, and International Alliance of Women.
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Development Aid Agencies: Distribute aid - economic, social, political, and environmental resources - from one nation-state to another. Examples include:
- Governmental: AusAID, EuropeAid, and USAID
- Non-governmental: Oxfam, World Vision, ActionAid
- International Organizations: Operate within and across borders to promote specific areas of development (e.g., poverty reduction, environmental conservation, economic development).
Education
- Education is a national priority and a responsibility shared by parents and the state.
- Governments allocate significant budget resources to education.
- Education benefits individuals and society:
- Alleviates poverty
- Creates opportunities for all
- Supports national development
- Empowers marginalized citizens
- Knowledge accumulation, skill development, and potential realization
- Education is a great social equalizer, hence mandatory basic education.
- Higher education credentials are valued by employers, often leading to better opportunities.
- Education fosters personal growth through:
- Self-Actualization: Contentedness, empowerment, and self-fulfillment
- New Knowledge: Research, publication, and dissemination
- Informed Consumption: Ability to make intelligent consumer choices
- Personal Growth: Time for creativity, innovation, privacy
- Sharing Knowledge: Mentoring, teaching, and sharing wisdom
Primary Education as a Human Right
- Education is no longer a privilege for the wealthy.
- UNESCO recognizes education as a fundamental human right, essential for exercising other rights.
- Governments commit to providing basic education and ensuring it remains a right.
Religion and Belief Systems
- Humans have sought explanations for life's meaning and purpose throughout history.
- Religion fulfills this need, offering a framework for understanding life and the world beyond.
- Religion provides meaning and answers to fundamental questions about life.
- Religious activities often center around prosperity, happiness, perfection, and abundance.
- Religion is a powerful force that shapes society and culture.
- It influences cultural practices, beliefs, and behaviors, affecting people's daily lives.
- Religion can be used positively or negatively as a tool to influence societies.
Types of Religion
- Judaism: One of the oldest religions; originated in West Asia.
- Christianity: Founded on the life and teachings of Jesus Christ.
- Islam: "Submission" to God; originated in Saudi Arabia.
- Buddhism: One of the oldest, most established religions.
- Hinduism: One of the oldest religions, deeply rooted in Indian culture.
Ecumenism and Interfaith Dialogue
- Ecumenism: Movement emphasizing worldwide Christian unity and universality.
- Promotes the idea that diverse Christian practices, cultures, and traditions can unite for positive change.
Religious Conflicts
- Despite efforts for peace and unity, religious conflicts persist.
- Religion has been a major driving factor in shaping conflicts throughout history.
- Religious beliefs, customs, and practices often lead to misunderstandings.
- Conflicts arise from the belief that one religion should be supreme.
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Description
This quiz explores the vital role of economic institutions in development and their functions in an interdependent world. It examines the relationship between economic systems, non-state institutions, and their influence on trade, resources, and advocacy. Test your understanding of how these components interact within societies.
