Activity 1 San Jose State University SCED 5|all answers correct

��Activity 1. Reviewing Oneself Name: _Arian Keith P. Aquino________________ Score: __________ Date Accomplished: ____11/04/2021______________ Instruction: Answer the following questions. Write your answer in the space provided. Test 1. Fill in the blanks: Choose the correct answer. Erasures are not ALLOWED! (15 pts) 1. Things that people buy like food, clothes and cellphones to satisfy them wants is considered as _Consumer Goods and Services__. 2. The commodity like crude oil is an example of the situation in the market called Necessities______. 3. Silicon is one of the elements that can be found in the sand. Silicon is considered as __ Supply ____________. 4. For an average income Filipino, a car is an example of __ Luxuries _______ 5. There is an increase in the sales of netbook for the past five years, in economy this pertain to market __ Demand____________. Test 2. Answer What Is Being ask. (25 pts.) 6. How does economics apply to your daily life as a student. Our daily lives