LAMBINO, CHARLES JAY B.

APPLIED ECONOMICS │MODULE 11

ABM 12B JANUARY 12, 2020

ASSIGNMENT:

1. What are the 3 economic resources?

a. Land
b. Labor
c. Capital

2. Difference of needs and wants.

In my opinion, the difference between needs and wants is that needs is

something that we need on our everyday lives, most especially: shelter, food, clothes
and love. And on the other hand, wants are things that we don’t really need on our
everyday lives, for example: luxuries and things that are expensive.

3. Give at least 5 Needs

a. Shelter
b. Food
c. Clothes to wear
d. Water
e. Clean Air

4. Give at least 5 Wants

a. Luxury
b. Cellphone
c. Jewelries
d. Cars
e. Expensive foods
LAMBINO, CHARLES JAY B. APPLIED ECONOMICS │MODULE 12
ABM 12B JANUARY 12, 2020

ASSIGNMENT:

1. Give at least 3 problems in macroeconomics

a. Unstable Living Standards

b. Unemployment
c. Inflation

2. Give at least 3 problems in microeconomics

a. Inequality/Poverty
b. Environmental Issues
c. Recession

ACTIVITY:

1. Give at least 5 countries give their status in their economic growth

a. China – $23.16 (Rank 1)

b. United States – $19.39 (Rank 2)
c. India – $9.47 (Rank 3)
d. Japan – $5.43 (Rank 4)
e. Germany – $4.17 (Rank 5)