POWER SCHOOL OF TECHNOLOGY

BASIC MICROECONOMICS

Name:________________ Date:____________

Course/ Year: _________ Score:___________

Activity # 02
Date: September 14, 2020
Due Date: September 21, 2020

A. Give and explain briefly four (3) actual examples that comprises the four factors of
production. Give illustrations/ pictures. (30 pts).

B. Give and explain briefly four (3) actual examples of a Circular Flow Model. Give
illustrations/ pictures. (30 pts).

C. Discuss: “Basic Economic Problems Confronting the Development of the Philippines in

the 21st Century” (40 pts)

Write your answer here (You may have additional bond papers. Do not write at the back)

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