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Directions: Answer the following questions 1. As a student, how will you describe the economic system in the Philippines? Is it effective in achieving the

Directions: Answer the following questions

1. As a student, how will you describe the economic system in the Philippines? Is it effective in achieving the country's economic goals?

2. How important economics in our daily lives and in our society as whole?

Directions: Answer the following questions.

1. Explain what economics is in your own words.

2. Differentiate Macroeconomics from Microeconomics

3. Differentiate Positive Economics from Normative Economics in

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