Economic growth Economic development Industry D. Employment 14. A system whereby the determination of exchange rate is left solely to the market forces.Foreign exchange liberalization Import liberalization Terms of trade Foreign investment15. All are possible results when a high population growth rate continues in the Third World exceptgrowth of slumsspread of diseases due to poverty and poor sanitationnot enough schools, hospitals, roads, bridges, etc.increased Gross National Product16. Which of the following is the nature of power of taxation?It is inherent in sovereignty.It is legislative in nature.It is subject to constitutional and inherent limitations.All of the above17. A kind of tax based on the rate of which decreases as the tax base or bracket increases.Progressive C. RegressiveGraduated D. Proportional18. Agrarian reform program, Philippine experience is a success.The statement is generally true.The statement is doubtful.The statement is untrue.There is no basis to conclude.19. It is also known as the Comprehensive Agrarian Reform Law (CARL)Presidential Decree # 2Presidential Decree # 27Republic Act 6657Republic Act 576620. The Cooperatives Development Program of the government is designed primarily to support the agrarian reform program. It aims to achieve a dignified existence for the small farmers free from pernicious institutional restraints and practices.Only the first statement is true and correct.Only the second statement is true and correct.Both statements are true and correct.Both statements are untrue and incorrect
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