Activity 2. Directions: Answer the following questions. Write your answers on the space provided.
1. What do you think is the importance of learning economic issues?
2. What is the impact brought by the pandemic to the Philippine economy?
3. What is the importance of knowing economic issues?
4. Do you believe that the Philippines' economy will recover this year? Why or why not?
5. As a student, how can you help in recovering our economic situation?
1. What do you think is the importance of learning economic issues?
2. What is the impact brought by the pandemic to the Philippine economy?
3. What is the importance of knowing economic issues?
4. Do you believe that the Philippines' economy will recover this year? Why or why not?
5. As a student, how can you help in recovering our economic situation?
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Answer:
1.)Economics plays a role in our everyday life. Studying economics enables us to understand past, future and current models, and apply them to societies, governments, businesses and individuals.
2.)In a survey conducted in the Philippines in February 2020, about 65 percent of respondents expected the national economy to be significantly affected by the COVID-19 pandemic.
3.)Economics is the important you get to know how societies, governments, businesses, households, and individuals allocate their scarce resources. The economics can also provide valuable knowledge for making decisions in everyday life. Economics is concerned with the optimal distribution of resources in society.
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