Q3-WW1: Economics in Everyday Living Directions: Read carefully the questions below. Answr it with at least fiv sentences each question.

1. If you will be given a chance to define "Economics", what definition will you give? Explain why?

2. Give one economic theory that is related to your life. Discuss your answer.

3. Complete the table below by giving microeconomic activity and macroeconomic activity based on the economic issue/factor.

Economic Issue! Factor Example: Covid-lg Pandemic/Health Crisis Microeconomic Activity Pasig City LGU starts the vaccination for ages 5-12 years old. Macroeconomic Activity Department of Health issued resolution for the vaccination of below 12 years. Poverty Unemployment Environmental Concern Agricultural Production