Applied Economics

rd
3 Summative Test

Name: _______________________________________ Date: __________ Score: ___________

I. Tell whether the supply curve will shift to the left or right.
1. Increase population growth 1. Shift to the ____________________
2. Stronger demand for labor 2. Shift to the ____________________
3. Labor migration to the locality 3. Shift to the ____________________
4. Low population 4. Shift to the ____________________
5. Labor migration to another country 5. Shift to the ____________________
6. Terrorist attack 6. Shift to the ____________________
7. Peace and order maintained in the country 7. Shift to the ____________________
8. Sound business environment 8. Shift to the ____________________
9. Inflow of tourists 9. Shift to the ____________________
10. Rampant crimes in the country 10. Shift to the ____________________

II. Identification. Identify the following.

___________1. It is determined by the balance of supply and demand for labor.
___________2. It is the term used to denote the value of foreign money in terms of local money.
___________3. Indicates an official action of the government to reduce the value of the currency.
___________4. It consists of the interaction of countries to buy or to sell foreign currencies.
___________5. It refers to the movement of people within one country i.e. rural to urban migration
___________6. It is the process of shifting a labor force from one physical location to another
___________7. These are Filipinos who are presently and temporarily working outside the country.
___________8. It refers to the movement of people from one place to another.
___________9. It refers to the movement of people from one country to another.
___________10. What is POEA?

III. Enumeration. Provide what is being asked in each item.

1. Provide three (3) activities that contribute to supply of dollars.
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2. Provide three (3) activities that contribute to demand of dollars.
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3. Provide three (3) reasons of migration.
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4. Provide three (3) reasons of labor migration.
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5. Provide three (3) reasons of the OFW phenomenon.
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