Listed below are the scenarios that have to do with the economy. Discuss the major impacts of these scenarios whether they are positive or negative (for you, for the Filipinos, and for the country). The case-to-case column can be used to weigh the effect of the given scenario to the country. Justify your answers.

-SCENARIO

-POSITIVE IMPACT

-NEGATIVE IMPACT

-CASE-BY-CASE IMPACT

Scenario A: Agriculture is the main source of employment in your home province. The government has recently decided to develop the farmlands into real estate and exclusive subdivisions in order to attract foreign investors to the country.

Scenario B: You decided to purchase a new shirt through an online shop based in London.

Scenario C. The Philippine government is being pressured by the current economic crisis to import rice from Taiwan, and other nearby countries in the region.

Scenario D. A multinational corporation decided to close. Unfortunately, your father is one of its many employees whose work has been terminated. However, he could still be employed if he were to accept the offer to move or relocate to another country.

Scenario E. The global financial crisis has affected the investment funds of your mother that she can use for her retirement.

Questions:

1. How did you decide for each scenario?

2. What are the pros and cons that you list down before you come up with the final judgement?