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Socialist Economy vs Demand Driven Economy

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Questions and Answers

What is the primary goal of public service according to the passage?

To serve the people impartially (correct)
To maintain the status quo
To promote private interests
To maximize profits

What is the main challenge in determining public interest?

Ensuring government efficiency
Separating public from private interests (correct)
Balancing individual interests with collective good
Prioritizing economic growth over social welfare

Which system serves as the voices of different sectors in the passage?

Parliamentary system
Bureaucratic system
Partylist system (correct)
Judicial system

What is the result of ignoring certain voices in society?

Loud voices emerging (C) Signup and view all the answers

What is the main difference between public service ethics and private life ethics?

Focus on profit vs. non-profit (A) Signup and view all the answers

What is the underlying conflict in the example of high heat index and electricity demand?

Public interest vs. private profit (D) Signup and view all the answers

What is the primary goal of the restorative justice approach in the criminal justice system?

To repair harm caused by the offense and promote healing (C) Signup and view all the answers

What type of evidence is used when there is no direct proof of a crime?

Circumstantial evidence (B) Signup and view all the answers

What is the main reason for an acquittal in a criminal trial?

The prosecution failed to prove the accused committed the crime (C) Signup and view all the answers

Which country is an example of successful economic development and restoration?

All of the above (D) Signup and view all the answers

What is a key characteristic of a capitalist society?

Free market and private sector investment (C) Signup and view all the answers

What is the primary argument against government regulation in a capitalist society?

It stifles innovation and competition (A) Signup and view all the answers

What is a characteristic of a socialist economy?

Government ownership of resources and means of production (C) Signup and view all the answers

What is a disadvantage of a socialist economy?

Government prioritization of different sectors (D) Signup and view all the answers

What is the economic system of the Philippines?

Mixed economy (B) Signup and view all the answers

What is an advantage of a mixed economy?

Flexible allocation of resources (B) Signup and view all the answers

What is a role of government in a mixed economy?

Regulation of the private sector (B) Signup and view all the answers

What is a difference between capitalist and socialist economies?

Role of government in the economy (B) Signup and view all the answers

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