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Please do not get from the internet. Thank you! 1. Explain how an economic theory relates to price theory. Which is the bigger concept? Cite

Please do not get from the internet. Thank you!

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1. Explain how an economic theory relates to price theory. Which is the bigger concept? Cite examples. 2. Differentiate and give an example each of the three levels of economic analysis. Use examples different from those given in this and the previous module. 3. Considering the available resources in your own locality( municipality and/or barangay), relate a concrete application of your response to the four basic economic problems. 4. Is the government necessary for the proper functioning of an economic system? Whyot? 5. Should the current quarantine status of Cagayan Valley in the Philippines be liberalized? Made more strict? Maintain current status? Why? How will your decision impact the microeconomic functioning of the economy? Its macroeconomic functioning? Will your decision have any bearing on the economic relations of the Philippines with other countries? How

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