Applied Economics IV.

Set A 1. decrease
I. 2. decrease
1. TRUE 3. decrease
2. FALSE 4. increase
5. decrease
3. FALSE
6. increase
4. FALSE 7. increase
5. FALSE 8.decrease
6. TRUE 9. increase
10. decrease
7. FALSE
8. FALSE V.
9. TRUE 1.
10. FALSE a. $4.5 ; 50
b. decrease
c. $7 ; 30
II.
2.
1.Market Structure
a. $6.5 ; 30
2.Consumer Theory
b. increase
3.Service sector
c. $7.5 ; 40
4.Production
5.Substitute goods
VI.
6.SWOT ANALYSIS
7.Equilibrium price Marginal
8.Monopoly Utility
9.Socio-economic impact (MU)
study
10. Porter’s Theory 34

22
III.
1. A 11
2. A
3. B 4
4. A
5. B Marginal Average
6. B Product Product
7. B
8. B 14 50
9. A 17 25.25
10. B
11. D 22 23.44
12. B
27 24.09
13. D
14. A 33 26
15. A
VII.
Equilibrium Equilibrium
Price Quantity
5 90
8 36
14 79
25 275
28 228
 IV.
Applied Economics
Marginal
Set B
Utility
(MU)
I.
1. 34
a. $4.5 ; 50
b. decrease 22
c. $7 ; 30
11
2. 4
a. $6.5 ; 30
b. increase
c. $7.5 ; 40 Marginal Average
Product Product
14 50
II.
17 25.25
1. FALSE
2. TRUE 22 23.44
3. FALSE
4. FALSE 27 24.09
5. FALSE
33 26
6. FALSE
7. FALSE
8. FALSE V.
9. TRUE 1. decrease
10. TRUE 2. decrease
3. decrease
III. 4. increase
1. A 5. decrease
2. A 6. increase
3. B 7. increase
4. A 8.decrease
5. B 9. increase
6. B 10. decrease
7. B
8. B VI.
9. A Equilibrium Equilibrium
10. B Price Quantity
11. B 5 90
12. D
13. D 8 36
14. A
14 79
15. A
25 275
28 228

VII.
1. Production
2. SWOT ANALYSIS
3. Equilibrium price
4. Consumer Theory
5. Monopoly
6. Porter’s Theory
7. Service sector
8. Socio-economic impact
study
9. Substitute goods
10. Market Structure
Philippine Constitution V.
Set A 1. D
2. B
I. 3. A
Eminent 4. A
Police Power Taxation
Domain 5. B
6. B
j. i. i. 7. C

h. d. d. Vi.
1. An ordinance is basically a law, which passes
through three readings, which is general and
f. c. c. permanent in character while a resolution
need not go through three readings, unless
k. g. k. otherwise decided by a majority of the
lawmakers; is temporary and is merely a
declaration of a sentiment or opinion of the
e. b. a.
law-making body.
2. Destruction is a private right vested in every
II. individual, and with which the right of the
1. VALID PT state or the necessity has nothing to do thus,
2. VALID PED payment of just compensation is not required
3. VOID while necessity is a public right, arises from
4. VALID PP the laws of society and is vested in the state
5. VALID PP thus, payment of just compensation is
6. VALID PED required.
7. VALID PP 3. Taxes are distinguished from licenses in that
8. VOID the former are levied to raise revenues
9. VALID PP whereas the latter are imposed for regulatory
10. VOID purposes only.
Licenses are justified under the police power,
III. and the amount of the fees required is usually
1. Just compensation limited only to the cost of regulation.
2. Consequential damages 4. The State exercises its power of eminent
3. Compensable taking domain when a private property is needed for
4. Power of Eminent Domain conversion to some public use but the owner
5. Rational basis test of the property refuses to sell his property.
6. Taking
7. Consequential benefits
8. Overbreadth doctrine
9. Police power
10. Intermediate scrutiny test

IV.
1. TRUE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
6. TRUE
7. FALSE
8. TRUE
9. TRUE
10. FALSE
11. TRUE
12. TRUE
13. FALSE
14. TRUE
15. TRUE
Philippine Constitution
Set B

I.
1. Taking
2. Consequential benefits
3. Compensable taking
4. Police power
5. Intermediate scrutiny test
6. Just compensation
7. Consequential damages
8. Rational basis test
9. Power of Eminent Domain
10. Overbreadth doctrine

II.
1. VALID PED
2. VALID PT
3. VOID V.
4. VALID PED 1. permanent in character while a resolution
5. VALID PP need not go through three readings,
6. VALID PP unless otherwise decided by a majority of
7. VOID the lawmakers; is temporary and is
8. VALID PP merely a declaration of a sentiment or
9. VALID PP opinion of the law-making body.
10. VOID 2. Destruction is a private right vested in
every individual, and with which the right
III. of the state or the necessity has nothing
1. TRUE to do thus, payment of just compensation
2. TRUE is not required while necessity is a public
3. TRUE right, arises from the laws of society and
4. FALSE is vested in the state thus, payment of just
5. TRUE compensation is required.
6. TRUE 3. Taxes are distinguished from licenses in
7. TRUE that the former are levied to raise
8. FALSE revenues whereas the latter are imposed
9. FALSE for regulatory purposes only.
10. FALSE Licenses are justified under the police
11. TRUE power, and the amount of the fees
12. TRUE required is usually limited only to the cost
13. TRUE of regulation.
14. TRUE 4. The State exercises its power of eminent
15. TRUE domain when a private property is needed
for conversion to some public use but the
owner of the property refuses to sell his
IV. property.

Eminen VI.
Police Taxati
t 1. C
Power on
Domain 2. A
a. j. j. 3. B
4. A
h. c. c.
5. B
k. f. f. 6. A
i. i. d. 7. C
b. e. g.