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Applied-Economics-Quarter-3-Week-2.docx - 2. How to...

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2. How to Produce?The production of goods or services needs effective methods andprocesses. For example, you can produce PPEs using sewing machines; sardines using aquaresources like fish and land resources like tomatoes. The production requires more laborand capital investment.Self-Check Questions1.What is scarcity? Can you think of two causes of scarcity?3. For whom to Produce?The society would always consider the immediate beneficiary ofthe goods.For example , when we produce masks and PPEs we suppose to produce firstthese for the frontliners of COVID Pandemic fight. A society decides on the distribution ofthe goods and services among the members of the society who need them the most.Activity 6.Self-Check Questions1.What is scarcity? Can you think of two causes of scarcity?
DSSActivity 1 . Matching Type:Match Set A or the central economic issues and problems to SetB or the description of economic issues.SET ASET B_______1.What to produce?A.The legalities of the production_______2.How to produce?B. The nature of goods to produce_______3.Whom to produce?C. The allocation of among the membersof society_______4.What provision in theproduction of productsD. The methods of productionActivity 2. Identification:Direction: Please read and analyze the questions carefully.1) What do you think were the resources used to produce the products (PPE)?2) What were the issues/problems in the production of the products?2

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Term
Spring
Professor
N/A
Tags
Economics, PPEs

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