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the following: 1. Why are wage rates generally very low in the Philippines? 2. Explain the supply curve of labor. 3. Explain labor surplus and

the following: 1. Why are wage rates generally very low in the Philippines? 2. Explain the supply curve of labor. 3. Explain labor surplus and labor shortage. 4. Explain Lorenz Curve. 5. Explain functional distribution of income. 6. Explain the causes of income inequality. 7. Explain the theory of income distribution. 8. Explain the determinants of wage rate. 9. Why is land rate very high? 10. How does the single tax theory of Henny George work? 11. Give your own opinion about economic and business rent in Metro Manila

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