LOURDES NATIONAL HIGH SCHOOL

Panglao, Bohol

3rd Quarter Performance Task 3-1

Applied Economics 12
nd
2 Semester School Year 2020 – 2021

Name: _________________________________________ Date: ___________________________

Grade & Section: ________________________________ Score: __________________________

Answer the following questions comprehensively.

1. Why do we need to study economics?

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2. What will happen if there is no scarcity?

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3. How is the preparation of a family budget an exercise in dealing with scarcity?

What adjustments do you think your parents would make if your family income decreased
by 25 percent? By 50 percent?
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4. Explain this statement “Applied Economics in Relation to Philippine Economic Problems”

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Prepared by:

JOLLY ROY A. BERSALUNA

APPLIED ECONOMICS TEACHER

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SIGNATURE OVER PRINTED NAME OF PARENT/GUARDIAN