1. Based on the underlying principles in an economy, what possible scenarios might happen after 6 months, if the oil price increases continuously?
2. Kindly fill the table with the necessary information needed.

1. With the knowledge gain in the discussion of Production Possibility Frontier and Circular Flow Diagram, write down in the third column the strategies or methods on how to improve the production of \"Shanang's Sweeties". FACTORS OF INITIAL RESOURCES STRATEGIES/METHODS PRODUCTION Land Home-based Labor The owner is the baker Capital From the savings of the owner Entrepreneurship The owner is the manager 2. With the knowledge gain In the discussion of Comparative Advantage, write down the strength and weaknesses of the businesses below. Thereafter, write down what those businesses must do to attain economic growth and development. Car Companies Car Companies (powered by (powered by petroleum products) electricity) Strength Weaknesses Actions to take Market Number of Product Imposition of Entry and Exit in the Example Structures Sellers Differences Prices industry Pure Competition Monopolistic Competition Monopoly Oligopoly