Activity 3 Other application use to solve economic issues and problems 1 With the given economic questions, determine what is being referred to by the following statements Consider production possibilities and efficient use of resources b Technology. human resources. and both C Consider distribution of income (rich v poor) The Pantawid Pamilyang Pilipino Program (4 Ps) is a conditional cash transfer program that aims to alleviate poverty What are the positive and negative sides of the program? 3 Compose a slogan on the importance of environmental protection 4 Rubric Explanation 4 2 Points A complete Good solid Explanation Is | Mises key response with a response with unclear points detailed clear explanation explanation Demonstrated Shows complete Shows Response Response Knowledge understanding substantial shows some shows of the understanding understanding complete questions, ideas ; of the of the lack and procedures questions, ideas questions of and process understandin Requirements Goes beyond the | Meet the Hardly meet Does not requirement of requirement the meet the the problem requirement requirement TotalLEARNING ACTIVITY SHEET Applied Economics in Addressing Economic Issues Background Information for Learners We analyze and propose solutions to the several issues and problems confronting the Philippine economy by applying different theories in economics The basic economic problems confronting the Philippines are scarcity, population growth, unemployment, inflation, high levels of inequality. environmental poverty, weak infrastructure, and natural disaster. Applied Economics is about utilizing economic theories to explain economic events, government actions and recommend courses of actions for business, household, and government. Different application we have to use to solve these issues are trade-offs, opportunity cost, vanations in benefit and cost, proper allocation of resources by answering the three basic economic questions, what, how and for whom to produce and other alternative way by the government to solve our economic problems. Learning Competency with Code Examine the utility and application of applied economics to solve economics issues and problems. ABM_AE12-Ib-2 Activity 1 10 fearn em Instruction. Application of trade-offs in scarcity of resources. In not more than four sentences explain the following scenarios. 1. What are some of the trade-offs faced by the Philippine government deciding whether to establish more national high schools in faraway provinces. 2. Give at least four examples of trade-offs when scarce resources are used a. b. C