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    TASK 2: Direction: From Your Own Point of View, List Down 10 Items of Other Goods and Services That

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    ma. donna v. detablan
    This document discusses key economic concepts and problems related to scarcity of resources during the COVID-19 pandemic. It lists 10 necessary goods and services under the "new normal" and explains that individuals and nations should decide how to use available resources, produce goods based on needs, and focus on essential goods for survival. It then provides multiple choice questions assessing applied economics, natural resources, distribution of goods, consumer needs, production methods, econometrics, face masks, unemployment, and panic buying.

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    TASK 2: Direction: From Your Own Point of View, List Down 10 Items of Other Goods and Services That

    Uploaded by

    ma. donna v. detablan
    33 views1 page
    This document discusses key economic concepts and problems related to scarcity of resources during the COVID-19 pandemic. It lists 10 necessary goods and services under the "new normal" and explains that individuals and nations should decide how to use available resources, produce goods based on needs, and focus on essential goods for survival. It then provides multiple choice questions assessing applied economics, natural resources, distribution of goods, consumer needs, production methods, econometrics, face masks, unemployment, and panic buying.

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    This document discusses key economic concepts and problems related to scarcity of resources during the COVID-19 pandemic. It lists 10 necessary goods and services under the "new normal" and explains that individuals and nations should decide how to use available resources, produce goods based on needs, and focus on essential goods for survival. It then provides multiple choice questions assessing applied economics, natural resources, distribution of goods, consumer needs, production methods, econometrics, face masks, unemployment, and panic buying.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    33 views1 page

    TASK 2: Direction: From Your Own Point of View, List Down 10 Items of Other Goods and Services That

    Uploaded by

    ma. donna v. detablan
    This document discusses key economic concepts and problems related to scarcity of resources during the COVID-19 pandemic. It lists 10 necessary goods and services under the "new normal" and explains that individuals and nations should decide how to use available resources, produce goods based on needs, and focus on essential goods for survival. It then provides multiple choice questions assessing applied economics, natural resources, distribution of goods, consumer needs, production methods, econometrics, face masks, unemployment, and panic buying.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    TASK 2: Direction: From your own point of view, list down 10 items of other goods and services that

    are necessary to have under the “new normal” situation.


    1. 6.
    2. 7.
    3. 8.
    4. 9.
    5. 10.

    Scarcity is the root cause of all economic problems. Because of this, individuals and nations should:
    1. Decide on how they use their available resources.
    2. They should also produce goods and services based on their needs
    3. Use your resources to produce essential goods necessary for survival especially in this
    pandemic time.
    4. Learn to appreciate your resources and use it to benefit mankind.

    III. ASSESSMENT. Direction: Identify the word/s being described by the following sentences. Choose
    your answer from the box below. Write your answer in the space provided.
    . 1. This is the application of economic theories and principles to real world
    situations with the desired aim of predicting potential outcomes.
    . 2. Came from nature that are used in production including land, raw materials
    and natural processes.
    . 3. Once the goods are produced, how they shall be distributed?
    . 4. Goods and services to be produced are based on the needs of the consumers.
    . 6. This has something to do with the combination of resources to be used.
    . 7. Is the application of statistical and mathematical theories to economics for the
    purpose of testing hypotheses and forecasting future trends.
    . 8. One of the medical products being produced in bulk quantities to prevent the
    spread of the novel corona virus disease covid-19.
    . 9. An economic problem resulted due to the pandemic caused by Covid-19.
    . 10. Grocery stores are running out of goods to sell during the advent of
    Enhance Community Quarantine due to

    Applied Economics Econometrics


    Face Mask Finite Resources
    For Whom to Produce How to Produce
    Natural Resources Opportunity Cost
    What to Produce Unemployment
    Panic Buying
    Answer Key:
    References
    LEAÑO JR., ROMAN D. APPLIED ECONOMICS
    FOR SENIOR HIGH SCHOOL. MINDSHAPERS
    CO., INC., n.d.

    Pettinger, Tejvan. "Basic Economic Problem -


    Economics Help". Economics Help,
    2020.
    https://www.economicshelp.org/blog/glossary
    /basic-economic-problem/.

    "3 Central Problems That Are Faced By Every


    Economy Of A Country". Your Article Library,
    2020.
    https://www.yourarticlelibrary.com/problems/
    3-central-problemsthat-are-faced-by-every-
    economy-of-a-country/8812.

    "DTI Philippines". Facebook.Com, 2020.


    https://www.facebook.com/DTI.Philippines/
    photos/pcb.10158292118780116/10
    158292118165116.
    madonnadetablan,appliedeconomicsteacher

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