Philippine Government and Economy

Land that is not covered by the Comprehensive Agrarian Reform Program (CARP).

The value of the Philippine peso against other currencies like the US dollar or Japanese yen.

The value of the Philippine peso against other currencies like the US dollar or Japanese yen.

An international agency responsible for resolving conflicts between countries and monitoring the implementation of trade liberalization.

A situation characterized by weak business activity, an imbalanced economy, and overall uncertainty.

A union established to provide protection and advocate for the rights of workers.

To give protection to the workers

Among the choices, a specific international defense alliance that the Philippines is NOT a member of.

An organization of countries that are not a part of NATO

A product primarily produced and traded by wealthy OPEC member countries.

The ability of a country to produce goods at a lower cost compared to another country.

Theory stating that entrepreneurs should set aside funds from their capital to pay worker's wages.

The lowest wage that employers must legally pay their workers, as mandated by the government.

These countries have multilateral agreements with various countries.