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</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</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</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</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</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</p> Signup and view all the answers

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

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

    What is a key characteristic of a capitalist society?

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

    What is a characteristic of a socialist economy?

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

    What is a disadvantage of a socialist economy?

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

    What is the economic system of the Philippines?

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

    What is an advantage of a mixed economy?

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

    What is a role of government in a mixed economy?

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

    What is a difference between capitalist and socialist economies?

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

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