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?

<p>Loud voices emerging (C)</p> Signup and view all the answers

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

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

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

<p>Public interest vs. private profit (D)</p> Signup and view all the answers

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

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

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

<p>Circumstantial evidence (B)</p> Signup and view all the answers

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

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

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

<p>All of the above (D)</p> Signup and view all the answers

What is a key characteristic of a capitalist society?

<p>Free market and private sector investment (C)</p> Signup and view all the answers

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

<p>It stifles innovation and competition (A)</p> Signup and view all the answers

What is a characteristic of a socialist economy?

<p>Government ownership of resources and means of production (C)</p> Signup and view all the answers

What is a disadvantage of a socialist economy?

<p>Government prioritization of different sectors (D)</p> Signup and view all the answers

What is the economic system of the Philippines?

<p>Mixed economy (B)</p> Signup and view all the answers

What is an advantage of a mixed economy?

<p>Flexible allocation of resources (B)</p> Signup and view all the answers

What is a role of government in a mixed economy?

<p>Regulation of the private sector (B)</p> Signup and view all the answers

What is a difference between capitalist and socialist economies?

<p>Role of government in the economy (B)</p> Signup and view all the answers

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