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1. Are all production factors equally essential? How did you say that? 2. The Philippines is an archipelago with a largely agricultural economy. Why do

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1. Are all production factors equally essential? How did you say that? 2. The Philippines is an archipelago with a largely agricultural economy. Why do the Philippines have shortages and inflation, especially in the primary agricultural commodities and, if you notice, the exceptionally high seafood costs? 3. Every economy needs tourism since it brings in millions of dollars each year. Singapore, Thailand, Indonesia, Malaysia, and Vietnam were the top five countries in the latest survey. Southeast Asia's most popular tourist destinations. Why do you think our nation (Philippines) was left out? Why do travelers from abroad avoid the Philippines

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