OUR LADY OF FATIMA UNIVERSITY

ANTIPOLO CITY CAMPUS 6.The sum of money that is sent by a worker to his/her own country,
COLLEGE OF BUSINESS AND ACCOUNTANCY predominantly developing countries.
A.Remittances
EDEV211 – ECONOMIC DEVELOPMENT B. Direct Taxes
FINAL QUIZ 5 AND 6 C. Indirect Taxes
1ST SEM 2024-2025 D. Foreign Aid
E. Proportional Taxes
TEST I. MULTIPLE CHOICE. Read the following questions carefully
and shade the letter that best describes the answer. 7. The are those imposed on properties and incomes and need to
intermediary in the collection.
1. This is a long-term capital flow or investment in which a Indirect Taxes. Sales and value-added taxes are levied on goods and
nonresident entity has significant management control of voting stock services by an intermediary, who may or may not pass the tax to the
(10% or more) over an enterprise in a foreign or host country consumers
A. Brownfield investment A.Remittances
B. Forward FDI B. Direct Taxes
C. FDI C. Indirect Taxes
D. Greenfield Investment D. Foreign Aid
E. Backward FDI E. Proportional Taxes

2.is when an investor MNC starts a new venture in a foreign country

by constructing new facilities to operate from the ground and up, the 8.These are sales and value-added taxes that are levied on goods
purpose is to create a long-term presence in the country and services by an intermediary, who may or may not pass the tax to
A. Brownfield investment the consumers.
B. Forward FDI A.Remittances
B. Direct Taxes
C. FDI
C. Indirect Taxes
D. Greenfield Investment D. Foreign Aid
E. Backward FDI E. Proportional Taxes
2. Purchasing an existing enterprise, for example, Tata motors of 9.The same percentage of tax is imposed on anyone, regardless of
India purchasing Land Rover and Jaguar, where there are already economic status.
certain capacities and infrastructure in the location A.Remittances
A. Brownfield investment B. Direct Taxes
B. Forward FDI C. Indirect Taxes
C. FDI D. Foreign Aid
D. Greenfield Investment E. Proportional Taxes
E. Backward FDI
10.The highest real GDP followed by an economic boom,
characterized by full employment of resources
3. Known for the parts of the production chain are done abroad, for A.Depression
example, Toyota acquiring distributorship in the USA. B.Trough
A. Brownfield investment C.Peak
B. Forward FDI D. Recession
C. FDI
D. Greenfield Investment 11. The lowest real GDP followed by a recession, characterized by
E. Backward FDI low usage of resources.
A.Depression
B.Trough
4. This is an international integration where materials are sourced C.Peak
from abroad D. Recession
A. Brownfield investment
B. Forward FDI 12.Two consecutive quarters of
C. FDI economic decline in economic activity, characterized by increased
D. Greenfield Investment unemployment
E. Backward FDI A.Depression
B.Trough
5. The donation or transfer of help in the form of money, goods, and C.Peak
services to a country that needs it D. Recession
A.Remittances
B. Direct Taxes 13.Long-term downturn in economic activity, characterized by an
C. Indirect Taxes economic slowdown and by sustained fall in the economy in years,
D. Foreign Aid not just quarters
E. Proportional Taxes A.Depression
B.Trough
C.Peak
D. Recession

14. Macroeconomic advocacy on more government expenditures,

lowering of taxes to pull out an economy from depression.
A. Monetarist Theory
B. Neo Keynesian Theory
EDEV311 FINAL QUIZZES Page 1 of3
C. Supply-side Theory D.Peace Economics
D. Keynesian Theory E.Social Enterprise
E. Classical Economic Theory

15. The market is not self-regulating, hence, there is a need to 4. A business with a good or ethical cause, they are for-purpose
stimulate the economic growth by combining fiscal and monetary businesses whether for profit or not, using the skills in
policies. entrepreneurship to solve a big economic issue like poverty, peace,
A. Monetarist Theory environment, etc
B. Neo Keynesian Theory
C. Supply-side Theory A. Peace
D. Keynesian Theory B.Social Entrepreneurship
E. Classical Economic Theory C.Cooperatives
D.Peace Economics
16. It explains that an economy will result in full employment in the E.Social Enterprise
long-run with the dynamic movements of value, price, supply,
demand and distribution without government intervention.
A. Monetarist Theory 5. The discovery and sustainable exploitation of opportunities to
B. Neo Keynesian Theory create social and environmental benefits
C. Supply-side Theory
D. Keynesian Theory A. Peace
E. Classical Economic Theory B.Social Entrepreneurship
C.Cooperatives
17. The most important factor that affects the economic cycle is the D.Peace Economics
changes in the money supply. E.Social Enterprise
A. Monetarist Theory
B. Neo Keynesian Theory 6. Ways to eradicate and control conflicts as well as conflict impact to
C. Supply-side Theory the society
D. Keynesian Theory
A. Peace
E. Classical Economic Theory
B.Social Entrepreneurship
C.Cooperatives
18. Free trade, lowered taxes, and decreased government
D.Peace Economics
intervention are key to economic growth and development.
E.Social Enterprise
A. Monetarist Theory
B. Neo Keynesian Theory
C. Supply-side Theory 7. A state of tolerance and acceptance of the diversity of people in
D. Keynesian Theory terms of culture, religion, nationality, race, and gender, among others
E. Classical Economic Theory
A. Peace
19. Explains that individuals acquire more skills receiving higher B.Social Entrepreneurship
education, income differentials as, in part at least, a return to human C.Cooperatives
capital D.Peace Economics
A.Dutch Disease E.Social Enterprise
B. Human capital theory
C.Marshall Plan
D. Signaling theory TEST II. Identification. Identify the term being described in each of
the following statements.Choices are above the set of questions.
20. Shows how smart and hardworking an individual is, and a higher
education diploma would automatically help prove that rather than Choices for Qs 8-14:
giving a costly and tedious assessment of an applicant SEVEN BASIC PRINCIPLES OF COOPERATIVES
A.Dutch Disease A- Member Economic Participation
B. Human capital theory B- Autonomy and Independence
C.Marshall Plan C- Education, Training and Information.
D. Signaling theory D- Democrative Member Control
E- Voluntary and Open Membership
FINAL QUIZ 6 A-Cooperation among Cooperatives.
1. Known as the European Recovery Program that aimed to rebuild B- Concern for Community
Europe that was devastated by the war
8. No one is forced to be a member of coops and discrimination in
A.Dutch Disease any form is not encouraged.
B. Human capital theory 9. There is a management that administers basic business functions,
C.Marshall Plan they are also members of the coop and have the same equal rights
D. Signaling theory as other members, having one vote per individual in terms of
decision-making
2. When something that is generally beneficial becomes an 10. Members contribute to the coop with the intention of fulfilling the
opportunity for negative exploitation and may harm the larger part of goals of the cooperative first and sharing dividends with the
the economy members. Any surplus earnings can be used in the expansion of the
A.Dutch Disease coops
B. Human capital theory 11. Cooperatives have a legal personality and may transact with
C.Marshall Plan other business organizations or the government within the bounds of
D. Signaling theory the members’ control.
12. This is a commitment to continuously educate and train the
3. An autonomous association of persons united voluntarily to meet management and employees so that they are updated about the
their common economic, social and cultural needs and aspirations market and improve their product or service as deemed necessary.
through a jointly owned and democratically controlled enterprise. 13. Cooperatives are social organizations that may be assisting other
cooperatives in achieving their goals locally or internationally.
A. Peace 14. Main goal is to make life easier, especially for the members, and
B.Social Entrepreneurship to continue the improvement to sustain this satisfaction
C.Cooperatives
EDEV311 FINAL QUIZZES Page 2 of3
Choices for Qs 15-17
Categories of Healthcare systems
A-Single payer System
B-Socialized Healthcare system
C- Private System

15.Citizens are all required to have a health insurance

16.All hospitals and clinics are private, but the government pays for
the services they render to the people. However, the costs of drugs,
dental care, and eyeglasses may come from private insurance or
personal savings
17.All hospitals, doctors, and consultants are paid by the
government, as well as the basic drugs and other services

Choices for Qs 18-20:

ECONOMIC IMPACT OF COOPERATIVES
A-Efficiency
B- Work Environment
C-Ecosystem of Resiliency
D-Human Development

18. The soft skills of officers and members are developed as they
foster an environment of “togetherness” in achieving the goal of the
coop
19. There is less bureaucracy in the organization, making them less
susceptible to inequality and discrimination
20. It is important for the cooperatives to fulfill a need in the
community that is not met by the market or even the government

EDEV311 FINAL QUIZZES Page 3 of3