NAME: SECTION:
Direction: Write T if the statement is correct and F if it is not.
1. Economic is the study of how people manage limited resources to satisfy their
wants or needs.
2. Inflation is an individual who is not employed and is seeking employment,
cannot find work.
3. Globalization term used to describe how trade and technology have made the
world into a more connected and interdependent place.
4. Inequality is an unfair or uneven treatments of the people within the society
or unequal distribution of resources, income, and other factors between different
sectors in the society.
5. Unemployment is a state or condition in which a person or community lacks
the financial resources and essentials for a minimum standard of living.
Choose the answer from the box that best describes the statement in each item.
6. It becomes an issue when there is an abrupt increase of price of basic
commodities and services making people unable to have the capacity to provide for
their needs and wants.
7. It is the unequal distribution of income and opportunity between
different groups in society.
8. It becomes an economic issue when it affects the people's economic
activities. It means people can hardly provide for their food, shelter, education and
health.
9. It becomes an economic issue when a large number of population lacks
the opportunity to find a job and could therefore not support basic needs.
10. It is affecting the global economy are population growth, the demand
for resources, and pollution.
NAME: SECTION:
Direction: Write T if the statement is correct and F if it is not.
1. Economic is the study of how people manage limited resources to satisfy their
wants or needs.
2. Inflation is an individual who is not employed and is seeking employment,
cannot find work.
3. Globalization term used to describe how trade and technology have made the
world into a more connected and interdependent place.
4. Inequality is an unfair or uneven treatments of the people within the society or
unequal distribution of resources, income, and other factors between different sectors
in the society.
5. Unemployment is a state or condition in which a person or community lacks the
financial resources and essentials for a minimum standard of living.
Choose the answer from the box that best describes the statement in each item.
6. It becomes an issue when there is an abrupt increase of price of basic commodities
and services making people unable to have the capacity to provide for their needs and
wants.
7. It is the unequal distribution of income and opportunity between different groups in
society.
8. It becomes an economic issue when it affects the people's economic activities. It
means people can hardly provide for their food, shelter, education and health.
9. It becomes an economic issue when a large number of population lacks the
opportunity to find a job and could therefore not support basic needs.
10. It is affecting the global economy are population growth, the demand for
resources, and pollution.
NAME: SECTION:
Direction: Write T if the statement is correct and F if it is not.
1. Economic is the study of how people manage limited resources to satisfy their
wants or needs.
2. Inflation is an individual who is not employed and is seeking employment,
cannot find work.
3. Globalization term used to describe how trade and technology have made the
world into a more connected and interdependent place.
4. Inequality is an unfair or uneven treatments of the people within the society or
unequal distribution of resources, income, and other factors between different
sectors in the society.
5. Unemployment is a state or condition in which a person or community lacks
the financial resources and essentials for a minimum standard of living.
Choose the answer from the box that best describes the statement in each item.
6. It becomes an issue when there is an abrupt increase of price of basic
commodities and services making people unable to have the capacity to provide for
their needs and wants.
7. It is the unequal distribution of income and opportunity between
different groups in society.
8. It becomes an economic issue when it affects the people's economic
activities. It means people can hardly provide for their food, shelter, education and
health.
9. It becomes an economic issue when a large number of population
lacks the opportunity to find a job and could therefore not support basic needs.
NAME: SECTION:
Direction: Write T if the statement is correct and F if it is not.
1. Economic is the study of how people manage limited resources to satisfy their
wants or needs.
2. Inflation is an individual who is not employed and is seeking employment,
cannot find work.
3. Globalization term used to describe how trade and technology have made the
world into a more connected and interdependent place.
4. Inequality is an unfair or uneven treatments of the people within the society or
unequal distribution of resources, income, and other factors between different sectors
in the society.
5. Unemployment is a state or condition in which a person or community lacks the
financial resources and essentials for a minimum standard of living.
Choose the answer from the box that best describes the statement in each item.
6. It becomes an issue when there is an abrupt increase of price of basic
commodities and services making people unable to have the capacity to provide for
their needs and wants.
7. It is the unequal distribution of income and opportunity between
different groups in society.
8. It becomes an economic issue when it affects the people's economic
activities. It means people can hardly provide for their food, shelter, education and
health.
9. It becomes an economic issue when a large number of population lacks
the opportunity to find a job and could therefore not support basic needs.
INEQUALITY POVERTY
UNEMPLOYMENT INFLATION
GLOBALIZATION
INEQUALITY POVERTY
UNEMPLOYMENT INFLATION
GLOBALIZATION
INEQUALITY POVERTY
UNEMPLOYMENT INFLATION
GLOBALIZATION
INEQUALITY POVERTY
UNEMPLOYMENT INFLATION
GLOBALIZATION
