Christian Charlie H.

Palarca
BSED-SocStud3

I. Multiple Choice
Direction: Read the statements or questions carefully. Identify and encircle the best correct
answer for each item.

1. What theory emphasizes the reliance on market, private initiatives and deregulation?
a. Neo-classical growth theory c. Structuralism theory
b. Dualistic economy model d. Marxist growth theory

2. What is not part of the group?

a. Competitive advantage c. Value chain
b. Cluster-based analysis d. Comparative advantage

3. It is the capacity to entice firms to use the country as a platform from which to conduct
business.
a. Comparative advantage c. Cluster-based analysis
b. Competitive advantage d. Value chain

4. In the three broad stages of economic development, it is when a nation tries to exploit
its factor conditions to drive its development.
a. Resource-driven stage c. Labor-and resource-
b. Investment-driven stage investment
d. Innovation stage

5. To achieve productivity growth, an economy is expected to ________________?

a. Continually upgrading c. Optimize its resources
b. Make an economic plan d. Educate its people

6. It is a set of businesses in the same or related field and they are located near one
another?
a. Regional development c. Supporting institutions
b. Economic cluster d. Different sectors

7. The following choices are the benefits of effective cluster approach except one.
a. Access to gain competition c. Access to specialized
b. Access to a specialized suppliers
workforce d. Access to extensive networks
 8. It is the full range of activities that firms and workers do to bring a product from its
conception to its end use and beyond.
a. Value chain c. Economic planning
b. Cluster-based d. Economic development

9. It can be an effective facilitator of economic activities.

a. Economic researchers c. Government
b. Economic developers d. Private sectors

10. It favors using the limited resources to develop identified strategic sector.
a. Balanced growth doctrine c. Push and pull
b. Unbalanced growth doctrine d. Growth models

II. Essay

Direction: Answer the following questions comprehensively.

1. What is the importance of the cluster-based approach in the Philippines?

2. Explain the effectiveness of the global value chain and global production network.
Answer key:
Multiple choice (CHAPTER 2)
1. A
2. D
3. B
4. A
5. A
6. B
7. A
8. A
9. C
10. B
Christian Charlie H. Palarca
BSED-SocStud3

I. Multiple Choice
Direction: Read the statements or questions carefully. Identify and encircle the best correct
answer for each item.

1. He argues that the explanation of economic development should be sought at the social
facts outside the economic theory.
a. Karl Marx c. Romer
b. Schumpeter d. Robinson

2. In the long adventure of economic planning, it was the first form envisioned by Marxist
critique of Capitalism.
a. Comprehensive c. Policy formation
b. Soviet control d. General form

3. It has been an essential especially in the planned economy.

a. Economic planning c. Learning by doing
b. Economic growth d. Learning by imitating

4. It include intensive direction and control elements.

a. Comprehensive and dirigiste
b. Growth and development
c. Planning and strategy
d. Public and private sector

5. It is the ultimate goal or strategic objective of Soviet-type planning.

a. Private sectors
b. Structural change in economic sectors
c. Economic growth and development
d. Agriculture and mining
II. Short response

Direction: Answer the following question briefly and comprehensively. (2pts. Each)

1. What is indicative economic planning?

2. What is central planning?

3. What is the significance of the rise of regional development?

4. What is the significance of industrial policy?

III. Extended response

1. What is the difference between the comprehensive, quantitative and central

economic planning?
Answer key
Multiple choice (CHAPTER 3)
1. B
2. A
3. C
4. A
5. B