L-4

Question 1

This economic process entails the exchange of commodities between parties, often on an individual basis.

Answer 1

RECIPROCIMY

Question 2

Resources from one individual or organization are given to another with no expectation of return

Answer 2

TRANSFERS

Question 3

Resources from one, several individuals or groups are collected and distributed proportionally or equally to participating member.

Answer 3

REDISTRIBUTION

Question 4

involves several elements and transactions. Humans have several needs and wants that are deemed as bases for producing goods and services.

Answer 4

MARKET TRANSACTIONS

Question 5

involves all the human actions associated with economic aspects

Answer 5

Market

Question 6

serves as the institutions that serves and protects and maintains economic balance through its economic laws.

Answer 6

State

Question 7

Institutions that are not related to the components of the state with minimal intervention from state insitutions.

Answer 7

NONSTATE INSTITUTIONS

Question 8

aid people in terms of money and investments

Answer 8

banks and corporations

Question 9

Financial deposit with security could be in the form of credit cards, debit card and check

Answer 9

Commercial Banks

Question 10

Serves as payment within and outside country through wire transfer. Subjected to more regulations

Answer 10

Commercial Banks

Question 11

Aid individuals in terms of risk management and wealth preservation

Answer 11

Insurance Companies

Question 12

Intermediaries in the transaction between buvers and sellers for the purpose of security. Commission-based earnings

Answer 12

Brokerages

Question 13

Help individuals invest funds or money with other investors to manage portfolios of security. Purchase securities indirectly through a package product such as a mutual fund.

Answer 13

Investment Companies or Corporations

Question 14

Primary role of promoting labor welfare and good industrial relations.

Answer 14

COOPERATIVES AND TRADE UNIONS

Question 15

Can be in conflict with other parties due to large number of members with common interests that are different from other union’s interest.

Answer 15

political

Question 16

Reactive because of preoccupies economic aims (macroeconomics and microeconomic policies)

Answer 16

market

Question 17

Influential in determining and improving job qualities and standards to regulate employment functions

Answer 17

regulatory

Question 18

Promote rights to economic democracy and participation to industrial democracy

Answer 18

democratizing

Question 19

Promote the welfare of members through various initiatives and partnerships

Answer 19

service

Question 20

Concerned for potential development and member’s improvement

Answer 20

enhancement

Question 21

Multifunctional institutions, conforming more to the idea of the trade union as being part of movement

Answer 21

welfare

Question 22

Serves as international catalysts for change, aiming to achieve international changes toward policies and practices.

Answer 22

TRANSNATIONAL ADVOCACY GROUPS

Question 23

These agencies concentrate on the growth, progression, and advancement of specific societal concerns which can be infrastructure or social institutions

Answer 23

DEVELOPMENT AGENCIES

Question 24

Concentrate mostly on the distribution of equitable health and social development.
It has diverse networks that enable them to provide and exchange support across different borders and localized the implementation of international policies.

Answer 24

INTERNATIONAL ORGANIZATIONS