Directions. Write down the correct answer in the space provided. 1. A social science which deals with the allocation of scarce resources to satisfy the unlimited human wants. 2. The application of economic theory and econometrics in specific settings with the goal of analyzing potential outcomes. 3. It deals with the economic behavior of the whole economy or its aggregates such as government, business and households. 4. The way the economic units are organized to make decisions on the economic problems of society. 5. A condition where there are insufficient resources to 6. satisfy all the needs and wants of a population. This is a system which is a mixture of the different 7. types of economy. It is a finished product which is used to produce other 8. goods. It deals with the economic behavior of individual units such as the consumers, firms, and the owners of the factors of production. 9. Man's needs required for his survival. 10. It is also termed as human resource