- 1. Their efforts
were guided by the eight Millennium
Development Goals, which they created in the
A) 1991
B) 1980
C) 1990
D) 1992
E) 1970
- 2. In The
Philippines, a person is officially living in poverty if he makes
less than 100,534 pesos a year, around 275 pesos a day. This
is called
A) Economic literacy
B) poverty line or poverty threshold.
C) Global economy
D) poverty economics
- 3. it is characterized by severe
deprivation of basic human needs including
A) food,clothes, habitat, education, technologies
B) sanitation facilities, health, shelter, education and information.
C) food, safe drinking water, sanitation facilities, health, shelter, education and information.
D) cellphone, bag, house, building, animal
- 4. involves creating
short-term and long-term financial goals
and implementing strategies to achieve
them. Saving for specific goals such as
education, buying a house, or retirement
A) Financial planning
B) Economic literacy
C) Tax Understanding
D) Money Management
- 5. To comprehend taxes, one must be
aware of the various types of taxes that
must be paid, such as income tax, VAT,
and property tax. Tax literacy
encompasses the capacity to correctly
A) Financial planning
B) Economic literacy
C) Tax Understanding
D) Money Management
- 6. Effective money management requires
effective management of income and
expenses. It's crucial to have a budget,
keep track of expenses, and prevent
expenses from exceeding income
A) Tax Understanding
B) Economic literacy
C) Financial planning
D) Money Management
- 7. According to the United Nations (as cited in __________)
“Economic Globalization refers to the increasing
interdependence of world economies as a result of the growing
scale of cross-boarder trade of commodities and services, flow
of capital, and wide rapid spread of technologies.
A) Shangquan,2003
B) Shangquan,2000
C) Shangquan,2008
D) Shangquan,2005
- 8. Removing and reducing Trade Barriers and encouraging
the free exchange of goods between nations. free trade
agreements and technological advances in transportation
and communication mean goods and serices move
around the world more easily than ever.
A) Trade Liberalization
B) Quotas
C) Protectionisim
D) Tariffs
- 9. Policies that restrict international trade to help
domestic industries. This encouragement involves
giving preferential treatment to domestic
producers and discriminating against forein
competitor
A) Tariffs
B) Protectionisim
C) Quotas
D) Fair Trade
- 10. Concern for the social, economic, and
environmental well-being of marginalized small
producers. It aims for a more moral and
equitable global economic system.
A) Trade Liberalization
B) Tariffs
C) Quotas
D) Fair Trade
- 11. A Government-imposed trade restriction limiting
the number or value of goods a nation imports or
exports.
A) Tariffs
B) Fair Trade
C) Protectionisim
D) Quotas
- 12. Tariffs are required fees on imports and exports.
A) Tariffs
B) Fair Trade
C) Trade Liberalization
D) Quotas
- 13. There are some significant downsides to globalized trade and perhaps the
strongest argument against economic globalization is its lack of sustainability
or the degree to which the earth’s resources can be used for our needs,
even in the future. Specifically, the development of our world today by using
the earth’s resources and the preservation of such sources for the future is
called sustainable development.
A) Environmental Degradation
B) Trade Liberalization
C) Kyoto protocol
D) Sustainable Development
- 14. Many experts do not think that the planet can sustain a growing
global economy . Deforestation, Pollution, and climate change will
not adjust for us, especially if increases in living standards lead
people to demand more consumer goods like cars, meat and
smartphones.
A) Environmental Degradation
B) Sustainable Development
C) Kyoto protocol
D) Protectionisim
- 15. operationalizes the United Nations Framework
Convention on Climate Change by committing industrialized
countries and economies in transition to limit and reduce greenhouse
gases (GHG) emissions in accordance with agreed individual targets.
The Convention itself only asks those countries to adopt policies and
measures on mitigation and to report periodically.
A) Environmental Degradation
B) Sustainable Development
C) Kyoto protocol
D) protectionism
- 16. is a generic term for non-renewable energy sources such as coal,
coal products, natural gas, derived gas, crude oil, petroleum products and
non-renewable wastes. These fuels originate from plants and animals that
existed in the geological past
A) Fossil fuel
B) gas
C) coal
D) fuel
- 17. energy from the wind using mechanical
power to spin a generator and create electricity. Not only is wind an
abundant and inexhaustible resource, but it also provides electricity without
burning any fuel or polluting the air.
A) windmill
B) factory
C) Wind turbines/ windmills harness
D) generator
- 18. renewable source of energy that generates power by using a dam or
diversion structure to alter the natural flow of a river or other body of water
that generates electricity.
A) wind turbines
B) generator
C) hydropower
D) windmill
- 19. means
delivering sufficient food to the
entire world population. therefore a
priority of all countries, whether
developed or less developed. The
security of food also means the
sustainability of society such as
population growth, climate change,
water scarcity and agriculture.
A) Food and Agriculture Organization
B) Global food security
C) Economic Globalization, Poverty, and Inequality
D) Fossil fuel
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