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Pretest Answers

The document lists answers to a pretest with letters A, B, C, and D as options. It then provides information about an economics course that deals with basic principles of applied economics and their application to issues facing entrepreneurs, such as commodity prices, minimum wage, rent, and taxes. The course also covers industry analysis to identify business opportunities and requires students to prepare a socio-economic impact study of a business venture.

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Shane Bellen
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36 views1 page

Pretest Answers

The document lists answers to a pretest with letters A, B, C, and D as options. It then provides information about an economics course that deals with basic principles of applied economics and their application to issues facing entrepreneurs, such as commodity prices, minimum wage, rent, and taxes. The course also covers industry analysis to identify business opportunities and requires students to prepare a socio-economic impact study of a business venture.

Uploaded by

Shane Bellen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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PRETEST ANSWERS

1. A
2. D
3. A
4. A
5. A
6. D
7.B
8. A
9.A
10.A
11.B
12.A
13. C
14.A
15.B

16. A
17.A
18.A
19.C
20.B
21. B
22.A
23. C
24. B
25.A
26.A
27.A
28. A
29.A
30.A

This course deals with the basic principles of applied economics, and its
application to contemporary economic issues facing the Filipino entrepreneur such
as prices of commodities, minimum wage, rent, and taxes.

It covers an analysis of industries for identification of potential business


opportunities. The main output of the course is the preparation of a socio-economic
impact study of a business venture.

This course deals with the basic principles of applied economics, and its
application to contemporary economic issues facing the Filipino entrepreneur such
as prices of commodities, minimum wage, rent, and taxes.

It covers an analysis of industries for identification of potential business


opportunities. The main output of the course is the preparation of a socio-economic
impact study of a business venture.

Why demand curve is negatively sloped


-Law of Diminishing marginal utility
-Fall in price leads to more purchase and more buyers
-substitution effect
-Income effects

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