Republic of the Philippines

DEPARTMENT OF EDUCATION
Region I
SDO 1 Pangasinan
Pangasinan National High School
Lingayen, Pangasinan

PERFORMANCE TASK ACTIVITY IN

APPLIED ECONOMICS
GRADE 11- 1st Quarter
Name:Camille Dominique G, Capistrano Date:

Grade/Section:11-ABM 2 Score:

Directions: Explain the following questions in the space provided in the activity sheet.
Performance Task- Week 1-2
1. Write down 3 Economic Resources and differentiate from one another
Natural resources are natural assets or raw materials occurring in nature that can be used for
economic production or consumption.
Human resources is Individuals' knowledge, talent, training, and experience are all needed to
generate commodities and services within their economy.
Capital goods are tangible assets that a firm employs in the manufacturing process to create items
and services that will be used by customers later.

Rubrics
Content relevance 10pts.
Creativity 5pts.
15pts.

Performance Task - Activity 2

 Directions: Make a creative drawing or slogan that portrays law Demand and Supply

Rubrics
Content relevance 10pts.
Creativity 5pts.
15pts.

Performance Task - Activity 3

Directions: Explain the following questions in the space provided in the activity sheet.

2. How do you define the terms economics?

A social science concerned with the fulfillment of needs and desires through the distribution
of finite resources with many uses.
3. What is Supply in Economics?/ What is Demand in Economics
According to the law of demand, the greater the price of an item, the fewer people would desire it if
all other things stay constant. In other words, the lesser the amount requested, the greater the price.

The law of supply demonstrates the quantities sold at a specific price. But unlike the law of demand,
the supply relationship shows an upward slope. This means that the higher the price, the higher the
quantity supplied. v
4. What are the 3 Basic Economic Problem Questions? and diffentiate from one another
What to produce?How to produce? Who consumes what is produced
What to produce what to thinking what can we make for the economy.
 How is how could we produce the product. Who is the people who will buy the product

4. What are the four factors of Production ? andDifferentiate from one another
Land, labor, capital, and entrepreneurship. Land resources are the raw materials in the
production process. Capital is the machinery, tools and buildings humans use to produce goods and
services .Entrepreneur is a person who combines the other factors of production - land, labor, and
capital - to earn a profit. Labor is the effort that people contribute to the production of goods and
services.

Rubrics
Content relevance 10pts.
Creativity 5pts.
15pts

Performance Task - Activity 4

Directions: Fixed the following rumbled letters:

1. ACTALPI – it is consists of assets used for the production of goods and

services.
2. ALND – the resource that encompasses the natural resources used in
production.
3. ENESRHEIUPNRPRT- the activity of setting up a business or businesses,
taking on financial risks in the hope of profit.
4. ABLOR- refers to mental or physical work, especially that which is hard
or fatiguing .
5. EROUCRESS- defined as a service or other assests used to produce goods
and services that meet human needs and wants
6. CEOONIMSC- the branch of knowledge concerned with the production,
consumption, and transfer of wealth
7. USPYLP- describes the total amount of specific good or services is
available to consumers.
8. EMDNDA- a forceful statement in which you say that something must be
 done or given to you a strong need for something.
9. EEDSN- are distinguished from wants.
10. ANTSW- have a desire to possess or do (something); wish for.

1. Capital
2. Land
3. Entrepreneurship
4. Labor
5. Resources
6. Economics
7. Supply
8. Demand
9. Needs
10. Wants

Rubrics
Content relevance 10pts.
Creativity 5pts.
15pts

Prepared by:
JESHEILA B. DE OCAMPO
Teacher II

Checked by: Noted:

BELEN VERONICA R. URMAZA ELVIRA C. VIRAY, Ed.D
SHS Assistant Principal II Principal IV