C.

Rank 1 to 5 the following statements based on their immediate importance to

the society with 5 being the most important.

3 Joining various economic projects

2 Observing the laws of the country
1 Conserving the use of important resources of
the country
5 Patronizing Philippine-made products
4 Protecting the environment

D. Explain your answer.

Does the study economics play a big part in your life?

Yes, study of economics play a big part of my life. It is because

economics portrays how I handle my daily struggles or situations and how it
affects my life as a result. Also, economics helps me to enhance my mind and
ideas in surviving or facing different situation in our society. It hones my self
on how to behave and act in our society as an individual.

A. Identification: Write the answer on the blank

Political Science 1. The study of government structure and

policies
Biology 2. Study of plants and animals
Social Science 3. The application of science in economics
History 4. The recorded struggle of man from the
past to the present
Mathematics 5. It concerns the use of graph and statistics
A. Complete the family tree of economics. Use the description below.

1. Francis Quesnay

3. Adam Smith 2.

4. Aristotle 5.Karl Marx 6.

1. He is considered the leader of the Physiocrats

2. He is known as the Father of Modern Economics
3. He is an economist who believes in the importance of land
4. He wrote the “Topics and Rhetoric”
5. He is know as the Father of Communism
6. He wrote the book which illustrates the flow of the factors of
production
B. Match column A with column B. Write the letter only.

1. F
2. A
3. D
4. E
5. B