DE LA SALLE SANTIAGO ZOBEL SCHOOL

HIGH SCHOOL DEPARTMENT

SOCIAL STUDIES UNIT
SECOND TERM, AY 2014-2015
UNIT ASSESSMENT MATRIX (WITH TABLE OF SPECIFICATIONS)
SUBJECT:

World Economics

LEVEL:

Year II

TEACHERS:

Ms. May Lubuguin and Ms. Nina Gavan

ASSESSMENTS:

Long Assessment 1 (KPU)

LEARNING MODULE:

Economic Changes Towards Globalization

CONTENT STANDARD:

Demonstrate understanding on the basic concepts on national economy as a means to improve the lives of other towards national progress
and development.

PERFORMANCE STANDARD:

Participates on projects and activities that promotes economic progress and development in the community and the nation.

UNIT CONTENT:

Analysis of Market Equilibrium

WHAT WILL I ASSESS?

KNOWLEDGE
- 15%
LEARNING COMPETENCY

Identify the concepts about

Demand, Supply and
Market Equilibrium

HOW WILL I ASSESS?

TEST ITEMS
(Please indicate the type of assessment: S-Short Assessment, L-Long Assessment,
etc.)
A. KNOWLEDGE. Write the CAPITAL LETTER of the correct answer on the blank
before each number.
1. Which of the following correctly states the Law of Supply?
a. As the price increases, quantity supply decreases and if the price decreases,
quantity supply increases
b. As the price decreases, quantity supply decreases and if the price increases,
quantity supply remains constant
c. As the price increases, quantity supply increases and if the price decreases,
quantity supply decreases
d. As the price decreases, the quantity supply remains constant and if the price
increases, the quantity supply decreases

HOW WILL I SCORE?

TYPE

ITEM
NOS.

SCORING
(1 POINT PER ITEM)

1-10

10 points

2. There are several factors that affect the demand and supply of a commodity. There
are times that only one factor affects the demand and supply while other things
remain constant. This is known as _______.
a. shift
b. movement
c. equilibrium
d. ceteris paribus
3. Which of the following statements is true about market equilibrium?
a. surplus is better than shortage
b. consumers benefit more than the sellers
c. mathematically, it is derived by equating the demand and supply equations
d. the set price is the most profitable price for the producers
4. A surplus that exists in the market could be fixed by ___.
a. Increasing price to help producers make more products
b. Increasing price because consumers are not sensitive to surpluses
c. Decreasing price to encourage consumer to increase demand and consumption
d. Retaining the same price because changing prices are bad for the economy
5. The Philippines is often hit by typhoons every year. Most of the time, agricultural
products are damaged. What will be its effect to the supply of agricultural products
in the market?
a. supply will increase
b. supply will decrease
c. supply will be delayed
d. supply will not be affected
6. The combined products being sold in the market by many suppliers is called ___.
a. supply
b. supply function
c. supply schedule
d. aggregate supply
7. The economic tools that describe the relationship of demand and price through a
mathematical expression is called _________.
a. law
b. curve
c. equation
d. schedule

8. Which of the following provides an example of complementary goods?

a. beef and pork
b. Pepsi and Coca-Cola
c. french fries and ketchup
d. mango shake and orange juice
9. Which of the following will move the demand curve for pork to the right?
a. An increase in the price of beef
b. A reduction in the cost of corn that is used to feed pigs
c. A reduction in the price of pork
d. None of the Above
10. Which of the following would lead to an increase in the demand for smartphones
when price is constant?
a. increase in income
b. decrease in population
c. preference of a consumer
d. expectation of a consumer

TOTAL NO. OF ITEMS/TOTAL SCORE:

10

PROCESS
- 25%
LEARNING COMPETENCY

Compute for the quantity

equilibrium or equilibrium
price for market equilibrium

TEST ITEMS
(Please indicate the type of assessment: S-Short Assessment, L-Long Assessment,
ET-End-Term Assessment, etc.)
A. PROCESS. Write the CAPITAL LETTER of the correct answer on the blank
before each number.
For nos. 1 - 2. Suppose the demand for Energy Up bars is represented by the
equation Qd= 280-4P and supply by the equation Qs=148+8P

TYPE

ITEM
NOS.

11-12

11. At market equilibrium, the price of Energy Up bar is ___.

a. P11
c. P55
b. P33
d. P77
12. At market equilibrium, the quantity of Energy Up bar sold is ___.
a. 428 bars
c. 236 bars
b. 362 bars
d. 132 bars
For nos. 3-4. Suppose demand for Bubble Tea is represented by the equation
Qd= 1545-30P and supply by the equation Qs=310+65P

13-14

13. At market equilibrium, the price of Bubble Tea is ___.

a. P3
c. P13
b. P6
d. P15
14. At market equilibrium, the quantity of Bubble Tea sold is ___.
a. 1155 bars
c. 4210 bars
b. 2050 bars
d. 6515 bars
15. There are 18,974 packs of biscuits available in Super Convenient Store at P15 per
pack. If the market is in equilibrium then it is true that ___.
a. SCS sold more than 18,974 packs
b. SCS sales on biscuits is P284,610
c. SCS is experiencing a shortage on biscuit
d. SCS is selling biscuits below the ideal price

15

HOLISTIC RUBRIC SCORING GUIDE

(3 POINTS PER ITEM)
3 Answer is correct and clear.
Two examples are given as
supporting details.
2 Answer is correct.
An example is given as a
supporting detail.
1 Answer is correct but no
supporting details are given.
0 No answer is given.

B. PROCESS. Examine the given Demand and Supply Curve. Write the CAPITAL
LETTER of the correct answer on the blank before each number.
P
C

25

15

10

50

80

120

16. Which area shows excess supply?

a. AB
b. AE
c. CD

180

d. ED

16

17. Which of the following shows the equilibrium point?

a. E
b. A
c. C
d. B

17

18. Which of the following is the equilibrium price based on the graph?
a. 10
b. 15
c. 25
d. 0

18

19. Which area shows supply is greater than demand?

a. CD
b. EB
c. AB
d. DB

19

20. Which of the following shows the quantity equilibrium?

a. 50
b. 80
c. 120
d. 180

20

TOTAL NO. OF ITEMS/TOTAL SCORE:

10

UNDERSTANDING
- 30%
ESSENTIAL QUESTION,
ENDURING UNDERSTANDING
& FACETS OF UNDERSTANDING

TEST ITEMS
(Please indicate the type of assessment: S-Short Assessment, L-Long Assessment,
ET-End-Term Assessment, etc.)
III. Answer the essay below briefly but thoroughly. Refer to the rubrics for grading.

Analyze how fake and

illegal products affect the
demand and supply of the
basic commodities in the
market

1. Read the article below and write a commentary about the article.
Why BOC shredded P50M worth of fake branded shoes
By KATHRYN MAE P. TUBADEZA, GMA NewsFebruary 25, 2015 7:07pm
If it were solely up to the Bureau of Customs (BOC), it would simply donate to the needy and the
unfortunate the P50 million worth of smuggled fake branded shoes and slippers it destroyed on Tuesday,
but the law says otherwise.
Instead the bureau threw the 150,000 pairs of footwear from China into shredding machines.
"Bakit hindi na lang ipadala sa mga nasalanta para may bago naman silang shoes?" said one netizen who
goes by the name Cat Person.
Netizens made such suggestions as reaction tothe BOC move.
"If it were up to us, we would donate those items in a heartbeat to the less fortunate, but we are bound by
law to destroy fake products," Jay Crisostomo of the BOC Public Information and Assistance Division told
GMA News Online on Wednesday.
He cited Section 190 of the Intellectual Property Code of the Philippines which states that the BOC
Commissioner is "empowered to make rules and regulations for preventing the importation or exportation
of infringing articles prohibited... and for seizing and condemning and disposing of the same in case they
are discovered after they have been imported or before they are exported."
Leonardo Limbo, enforcement officer for the Intellectual Property Office of the Philippines, said the Tariff
and Customs Code of the Philippines requires that counterfeit goods "should be put out of commerce
they don't go back to trade."
The brands also do not allow the government to donate the seized items, Crisostomo noted.
"We cannot donate because the brands does not allow it. They don't want to donate them because it's like
allowing their brands to be used and displayed. It will affect their sales and will not cure the sickness of

TYPE

ITEM
NOS.

HOLISTIC RUBRIC SCORING GUIDE

(6 POINTS PER ITEM)

patronizing fake brands," he said.

Among the global brands that were destroyed were Nike, Adidas, Converse, Skechers, The North Face,
Leaveland, Merrell, Lacoste, Vans, Havaianas, and Ipanema.
A 21-year old college student, who sells fake branded shoes online for extra income, said the destruction
of the knockoffs was not a good news for sellers like her. For obvious reasons she asked not to be
named.
"Kung titingnan, sa part ng mga nagbebenta, syempre hindi maganda 'yun... Nakakapanghinayang 'yung
mga nasirang shoes na 'yun kahit fake kasi para sa amin, negosyo pa rin 'yun," she told GMA News
Online.
For those who patronize fake rubber shoes, the news was a big letdown.
"Disappointed kasi 'di hamak na mas mahal ang original kesa sa fake... At least naka-rubber shoes ka na
parang original sa halagang P1,000," another student, Joacquin Amoranto, told GMA News Online in a
separate interview.
"Kaya ako bumibili ng fake kasi hindi halata... Okay ang quality. 'Di nga lang ganun kagaan at pulido pero
worth it naman," Amoranto said. VS, GMA News

Question: How do these illegal products affect the demand and supply in the
market? Cite one example of illegal products that are smuggled into the country.
TOTAL NO. OF ITEMS/TOTAL SCORE: