Answer the following essay: (Minimum of at least 6 sentences) 1. Explain why we should NOT study Economics. 2. Given a s

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Answer the following essay: (Minimum of at least 6
sentences)
1. Explain why we should NOT study
Economics.
2. Given a scenario wherein you were working for a business
process outsourcing company. How are you able to apply the concepts
of Economics to your daily life and explain how you were able to
apply it.
3. Do you think the Philippine economy would be better off if we
adopt Planned Economy as our economic system? Please explain why or
why not.
4. In The Circular Flow of Economic Activity model do you have
any suggestion on what institution/s to add to make it more
realistic and explain what this new institution/s role in the model
would be.
Note: Indicate your answers per number.