Questions and Answers
What is the primary purpose of the Enhanced Community Quarantine (ECQ) implemented during the COVID-19 pandemic?
What did Sarah do to prepare for the crisis caused by the COVID-19 pandemic?
What is Sarah's rate of planting orchids in terms of the number of persons who wanted to barter?
What is the name of the disease that caused the pandemic in 2020?
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What is the term for the system of exchange that Sarah used to obtain her needs?
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Study Notes
COVID-19 Pandemic
- A global pandemic was declared in 2020 due to the rapid spread of COVID-19 cases worldwide.
Enhanced Community Quarantine (ECQ)
- ECQ was implemented to contain the spread of COVID-19 by restricting people to their homes and banning mass gatherings.
Barter System
- The COVID-19 pandemic led to the emergence of the barter system in marketing.
- Sarah, an individual, adapted to the crisis by planting orchids to exchange for her needs.
Sarah's Planting Rate
- Sarah's rate of planting orchids is dependent on the number of people wanting to barter (𝑏).
- The formula for her planting rate is 3b+4 orchids in b-2 hours.
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Description
The COVID-19 pandemic led to a global crisis, resulting in lockdowns and a shift to alternative economic systems. Learn how individuals adapted to this new reality.