Applied economics

1. Compare the rate of Philippine peso during the presidency of Gloria Arroyo to the presidency of Rodrigo Duterte and find reasons for abrupt increases or even decreases in the exchange rate. 2. What are taxes for? What are its distorting effects and why? 3. Enumerate 5 common public goods and services government provides with the taxes we pay. Are the benefits of these public goods and services worth the taxes your parents pay? Explain. 4. What can be a lasting solution to the problems of inadequate wage and unemployment? 5. What are the ultimate effects to society of shortfalls of tax collection