FINAL EXAMINATION PRINCIPLES OF ECONOMICS I. IDENTIFICATION: Indicate your an!er to t"e #o$$o!in% &uetion 1. This refers to the total output divided by the quantity of the variable inout under consideration 2. It refers to the iproveent on the quality of life of the people. !. "ne of the causes of poverty that assures the international #orld coodity econoy of huge profits. $. It is the condition e%ists #hen people lac& the eans to satisfy their basic needs. '. "ne of the biggest international ban&s #hich provide assistance loans to least develops countries for econoic developent. (. )efers to the people of the population #ho are #illing to #or& but there are no #or& available. *. )efers to the people of the population #ho are eployed but they+re #or& is not related to their e%pertise or educational attainent. ,. This theory of poverty refers to the continuous e%ploitations to the a-ority of the people to accuulate huge profits. .. )efers to increase of the total output also to the quantifiable aspect of the econoy. 1/. Theory of the poverty #hich refers to the poor ebers of the society is less perissive in socializing, lac& an interest in foral education and usually pleasure oriented. II. Ma'e an i$$utration "o!in% t"e Production Acti(ity )#ro* in+ut to out+ut, o# t"e #o$$o!in%: )-. +t. eac", 1. School producing educated students 2. 0aring producing rice !. 1overnent 2gency a&ing roads and bridges III. ENUMERATION 13' Sectors #here poverty incidence is rapant (31/ 4ffects of 5overty 1131' Sources of 1overnent 0unds 1(31, 6a-or Types of 7ussiness 0irs 1.32' Causes of 5overty I/. Contruct t"e TFC0 T/C0 and AC c"edu$e. Out+ut TFC T/C TC MC AC 1 2 2 $ ! ( $ , ' 1/ ( 12 * 1$ , 1( . 1, 1/ 2/ /. Contruct t"e A(era%e and Mar%ina$ Product Sc"edu$e Nu*1er o# 2or'er Tota$ Product A(era%e Product Mar%ina$ Product 1 3. 2 ./ ! 1,' $ 2./ ' $// ( '2/ * (1/ , *// . ,'( 1/ .!' 5repared by8 RUS4ID 5A6 S. SANCON Instructor You're insecure Don't know what for You're turning heads when you walk through the door Don't need make up To cover up Being the way that you are is enough Everyone else in the room can see it Everyone else but you [Chorus Baby you light up my world like nobody else The way that you flip your hair gets me overwhelmed But you when smile at the ground it aint hard to tell You don't know You don't know you're beautiful !f only you saw what ! can see You'll understand why ! want you so desperately "ight now !'m looking at you and ! can't believe You don't know You don't know you're beautiful #h oh But that's what makes you beautiful $o c%come on You got it wrong To prove !'m right ! put it in a song ! don't why You're being shy &nd turn away when ! look into your eyes Everyone else in the room can see it Everyone else but you [Chorus Baby you light up my world like nobody else One Direction What Makes You Beautiful lyrics found on http://www.directlyrics.com/one- direction-what-makes-you-beautiful- lyrics.html The way that you flip your hair gets me overwhelmed But you when smile at the ground it aint hard to tell You don't know You don't know you're beautiful !f only you saw what ! can see You'll understand why ! want you so desperately "ight now !'m looking at you and ! can't believe You don't know You don't know you're beautiful #h oh But that's what makes you beautiful [Bridge 'ana 'ana 'ana 'ana 'ana 'ana 'ana 'ana 'ana 'ana 'ana 'ana Baby you light up my world like nobody else The way that you flip your hair gets me overwhelmed But you when smile at the ground it aint hard to tell You don't know You don't know you're beautiful [Chorus Baby you light up my world like nobody else The way that you flip your hair gets me overwhelmed But you when smile at the ground it aint hard to tell You don't know You don't know you're beautiful !f only you saw what ! can see You'll understand why ! want you so desperately "ight now !'m looking at you and ! can't believe You don't know You don't know you're beautiful #h oh But that's what makes you beautiful