10 Questions
What is the main focus of the learning objectives for the ABM_AE12-Ie-h-8?
Understanding the role of the Central Bank and how monetary works
What is the purpose of the 'WARM UP' activity in the context of the text?
To make a list of purchases and budget money while in school
What does the term 'Philippine market' refer to?
The economic environment in the Philippines where buyers and sellers engage in transactions
What is the primary characteristic of the Philippine market?
The diverse range of products and services
In relation to economic activity, what does the Philippine market encompass?
The exchange of goods, services, and financial instruments
What refers to the physical and mental effort exerted by individuals to produce goods or services?
Labor
Who are considered underemployed?
Workers who are better skilled than what their current jobs require
What type of unemployment is caused by technology changes and upgrades that require special skills?
Structural unemployment
What is the key demographic indicator that influences the size and structure of a population?
Population growth
Which act involves individuals moving into a country with the intention of establishing permanent residence or temporary residence?
Immigration
Explore the effects of contemporary issues like migration, exchange rate fluctuations, oil price increases, and unemployment on the purchasing power in the Philippine market. Understand the role of the Central Bank, monetary workings, the labor force's relationship with population growth, and the importance of fairness in economic transactions.
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