Friday, September 4, 2009

ECON HOMEWORKSSS

Hello Corina :) -Alyza

HW #1 - Size2
1. what kind of economic system is adopted in the philippines? cite 5 evident factors to prove your answer.
2. what economic system do you think should countries adopt to promote the welfare of all people and world peace? elaborate.

HW #2 - Size1
1. how would you use the law of demand in the allocation of your allowance for food? for school supplies?
2. what values are exhibited by an entrepreneur analyzing changes in priced/non-priced determinants before deciding on whether or not to increase output? explain answer.
3. what are determined by the interaction of demand and supply?

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