Applied Economics

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Across
  1. 2. In income Elasticity of demand, if 𝝐I is negative the good is ______.
  2. 4. The high demand for houses in growing cities creates a _____ of this commodity.
  3. 6. There will be a housing _____ because of an inadequate housibg demand.
  4. 7. This is characterized by a few sellers producing similar or differentiated products.
  5. 9. An individual or company that must accept prevailing prices in a market, lacking the market share to influence market price on its own.
  6. 12. a sales tax levied on the consumption of the sale of goods,services, properties, and imported goods.
  7. 13. This is the general rise in prices that decreases money's purchasing power.
  8. 16. A state-run social institution that provides affordable housing and loanschemes for Filipinos.
  9. 17. Compulsory charges by the government used to fund its different operations.
  10. 19. A tax on the right of a deceased person to transfer their estate at thetime of death to their rightful heirs and recipients.
  11. 20. This is a predefined fee or payment on top of the value of the purchase.
  12. 21. Establishes to the satisfaction of the Commissioner of Internal Revenue the fact of his physical presence abroad with a definite intention to reside therein
  13. 23. A government-run social institution that caters to private, professional, and informal sectors.
  14. 24. A tax on personal income. This is usually levied to employees andentities and is based on respective profit or income.
  15. 27. In income Elasticity of demand, if 𝝐Iis positive, the good is _____.
  16. 28. Personal, poll, or capitation taxes- tax of fixed amount imposed on persons within aspecified territory, whether citizen or not, without regard to their property or occupation orbusiness in which they may be engaged.
  17. 29. the minimum amount of compensation an employer is required to pay its workers for work performed within a particular time.
  18. 33. This is the interest rate received or charged on an investment.
  19. 36. Refers to a cause an increase in personal income.
  20. 41. Looking at a location's demographics is critical for businesses because it creates a target market for people who are willing to rent.
  21. 42. Considering the _____ of your business is essential if you want to attract a good number of tenants.
  22. 46. This is the rate at which the prices of goods and services rise.
  23. 47. Big or small, should be considered in deciding to proceed with arental.
  24. 48. An individual whose residence is within the Philippines and who is not a citizen thereof.
  25. 49. The local government code of 1991 of senator Aqulino Pimentel Jr. Gives the taxing authority to the local government to prevent double or multiple taxation.
  26. 50. Single firm controls the entire market for a product or service with no close substitutes
  27. 51. A 1% change in price will result in exactly the same change in quantity demanded.
  28. 54. A government-controlled corporation that seeks to provide universalhealth care in the Philippines.
  29. 55. A tax on a donation or gift and is imposed on the free transfer ofproperty between two or more persons living at the time of the transfer.
  30. 56. Refersto the duration until the loan matures.
  31. 57. Factor that can affect housing demand is the _____ and mortgage rate in real property terms.
  32. 58. The influx of skilled workers in cities which rising economies is increasing the demand for housing.
  33. 59. A tax levied on the production, distribution, or use of a good in acountry
  34. 60. This is an asset or commodity purchased to produce sales or appreciation.
Down
  1. 1. There are many firms selling differentiated products that are not perfect substitutes.
  2. 3. The value of a nation's currency against another nation's currency.
  3. 5. Refers to a 2% increase in tax.
  4. 8. An individual is a citizen of the Philippines by definition of the Constitution of the Philippines.
  5. 10. It is the percentage change in quantity demanded in response to a given percentage change in price.
  6. 11. where many buyers and sellers interact, prices are determined by supply and demand and no single participant has enough power to influence the price.
  7. 14. Commonly known as the fixed interest rate.
  8. 15. This is the revenue arising from land ownership and other gifts from nature.
  9. 18. A 1% change in price will result in less than 1% change in quantity demanded.
  10. 22. This is the amount a lender charges for the use of assets expressed as a percentage of the principal.
  11. 25. In cross price Elasticity of demand is negative the is _______.
  12. 26. Factor that can affect housing demand is the interest rate and _______in real property terms.
  13. 30. Refers to how different industries are classified and differentiated based on their degree and nature of competition for goods and services.
  14. 31. Concerns Whether an individual is starting a rental business or deciding to rent a specific property.
  15. 32. A 1% change in price will result in a more than 1% change in quantity demanded.
  16. 34. encourages rational consumption, where decisions are often drive by price rather than brand loyalty.
  17. 35. Renting a property might be less costly than purchasing a property
  18. 37. Refers to a 1% increase in tax.
  19. 38. In cross price Elasticity of demand is positive the good is ________.
  20. 39. The government aims to create a more conducive learning environment that will implement the ideal teacher-to-student ratio.
  21. 40. An alien who shall come to the Philippines and stay for an aggregate period of more than one hundred eighty days during a calendar year.
  22. 43. This interest rate does not have a set rate for a commodity.
  23. 44. Refers to an increase in an object's value over time.
  24. 45. This law, also known as the Wage Rationalization Act.
  25. 52. There are ______ to calculate interest rates.
  26. 53. This is the venue where buyers and sellers exchange the good and services.