Republic of the Philippines

Region V (Bicol)
BAAO COMMUNITY COLLEGE
San Juan, Baao, Camarines Sur
Email: baaocommunitycollege@gmail.com

MICROECONOMICS

Oligopoly and Labor Markets, Wage Rates Labor Unions | QUIZ (1M)

1.This is a simplest type of Oligopoly with only two members.

a.DUOPOLY b.OLIGOPOLY c.DUOPOLIST

2. It's agreement among firms relating to quantity of output to be produced and prices to be
charged.

a.CARTEL b.DUOPOLIST c.COLLUSION

3. This is a group of firms acting in unison.

a.OLIGOPOLY b.DUOPOLY c.CARTEL

4.This is a paradox in decision analysis in which two individuals acting in their own self-interests do
not produce the optimal outcome.

a.Prisoner's dilemma b.Productivity c.Decline on Productivity

5.This is all amount of remuneration that a worker receives as a result of his productivity.

a.NOMINAL WAGE b.REAL WAGE c.WAGE

6.This refers to the wage rate adjusted for inflation or expressed in terms of the purchasing power
of money.

a.REAL WAGE b.WAGE c.NOMINAL WAGE

7.This is amount of wage to be given by an employer, the optimum quantity of labor is first
determined .

a.NOMINAL WAGE b.WAGE DETERMINATION c.REAL WAGE

8.Market structure where there is a single buyer with significant power to influence wages and
prices.

a.DETERMINATION: monopsony b.WAGE DETERMINATION c.Perfect competition

9.This exist when there is a dominant employer.

a.MINIMUM WAGE b.WAGE DETERMINATION c.BILATERAL MONOPOLY

10.It's Individuals investment on education and health as well as their skills and knowledge.

a. BILATERAL MONOPOLY b.HUMAN CAPITAL c.MINIMUM WAGE

Score
1A 1E
Garcia, Jonel C 10 / 10 Competente, Vergil Jr. Q. 8 / 10
Lachano, Christopher D. 10 / 10 Loberiano, John Michael B. 5 / 10
Del Valle, Desirie P. 10 / 10 Badong, Lyndin Mae B. 8 / 10
Monte,Cherry Mae T. 10 / 10 Cabaltera, Elieza B. 7 / 10
Padayao, Edelyn S. 10 / 10 Malazarte, Hazel M. 8 / 10
Oronan, Ma.Vanessa R. 10 / 10
1B Paz, kaylle Meca Angela C. 9 / 10
Follero, Allan B. 10 / 10 Rivera, Regin C. 8 / 10
Albalate, Nikka Jhean B. 7 / 10 Rongap, Kate Veronica B. 10 / 10
Evidor, Kate Danielle 10 / 10 Sarandin, Mary Jane, S 8 / 10
Febres, Christine S. 9 / 10 Sinfuego, Nichole Ann P. 9 / 10
Trienta, Princess Kate P. 6 / 10
Magistrado, Argie C. 4 / 10 1F
Magistrado,Meshem 8 / 10 Sinfuego, Ryan B. 8 / 10
Avila, Princess M. 4 / 10
1C Brizuela, Hazel F. 9 / 10
Benosa, Jestoni S. 8 / 10 Cedeño, Christine Mea A. 9 / 10
Corporal, Jhay V. 9 / 10 Guadalupe, Vernie C. 8 / 10
Camposano, Ana Mae B. 6 / 10 Nicolas, Nelly Jean F. 8/10
Dacara, Jessa Pearl B. 8 / 10 Sinfuego, Julie Ann P. 10/10
Ellorde, Ma. Henrianne I. 7 / 10 Sison, Cherienella Jhayka B. 7 / 10
Jovenir, Cherrie Lyn C. 8 / 10 Quibral, Virgie N. 8 / 10
Sanorjo, Lovely B. 10 / 10
1G
1D Baal, Romark C. 5 / 10
Babila, John Michael D. 9 / 10 Adtibe, Sheryn Tabornal 9/10
Balilla, Margaret B 7 / 10 Barela, Michaella F. 10/10
Barandon, Angeline B. 9 / 10 Rivera, Mary Ann B. 8 / 10
Bayos, Catherine B. 9 / 10 Sanglay, Angelyn S. 7 / 10
Borin, Jessa Mae L. 10 / 10 Zamora, Jean V. 10/10
1H 1L
Benecarlo, Jomel S. 10 / 10 Mendez, Harry Jay M. 10 / 10
Badiola, Kimberly B. 10 / 10 Carullo Karen Alabastro 8 / 10
Bayos, Rose-Ann B. 10 / 10 Ibarrientos, Anabel L. 10 / 10 10/10
Beldua, Raquel 9 / 10
Nacario Jonathan B. 10 / 10
Bergado, Mikka Ellah Anjela 10 / 10
Villamer, Marie France A. 10 / 10
Bongcayao, Christine A. 10 / 10
Bolo, Liza Joy B. 9 / 10
1N
Bracia, Christian E. 9 / 10
Belza, Joevert Marlo P. 7/10
Esplana, Rica B. 10 / 10
Lorzano Maylene O 10 / 10 Magalona, Norman L. 5/10

Madrelejos,Janinne A. 10 / 10 Zamudio Babylyn I. 10/10

Ramos, Blaine L. 10 / 10 Brigola, Kathrina B. 10/10

Perido, Mark Edrian B. 7/10
1I Salonga, Nathaniel R. 8/10
Amoroso, Francis L. 9 / 10 Villaflor, Cejay B. 7 / 10
Babila, Rose Ann Marie Atole 2 / 10
1J Laynesa, Bea A. 9 / 10
Guazon, Jhonnel Baldoza 9 / 10
Acbang, Madelaine V. 10/10
IRREGULAR
Badong, Shara May B. 7 / 10
Nuñez, Joshua D. 10 / 10
Rombano, Shelvie M. 10 / 10
Dujali, Siaria Kim R. 10/10
Undecimo, Joanna A. 9 / 10
Babor, Stephanie kathleen T. 10 / 10

1K Bona Niña P 8 / 10

Baloncio, Dominic B 10/10 Dava, Evangeline O. 8 / 10

Bisenio, Charlie E. 7 / 10 Esplana, Shiena Mae B. 9 / 10

Clarianes, Jonnel, Repatacodo 10 / 10 Idiya, Sheena Mae M. 5 / 10
Dela Vega,Rafael E. 7 / 10 Magistrado, Isabel Joy O. 7 / 10
Bacsain, Erica Mae A. 10 / 10 Morato, Casandra Mae V. 8 / 10
Boaquiña, Princess Mary T. 9 / 10 Moreño, Geneva L. 8/10
Escuro, Joana Jasmine D. 10 / 10 Oliva, Daniela C. 9 / 10
Quial, Ma. Antonette 10 / 10
Bermas, Egan Paul E. 10 / 10
Rivera, Mary Grace B. 7 / 10
Ersolada Reymart D. 10 / 10
Rubis, Vallerie A. 8 / 10
Muit, Jolina C. 10 / 10
Arroyo, Marimie P. 8 / 10
Bolo, Alyssa kim M. 6 / 10
Rodriguez, Lydah Trina M. 10/19