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What is Applied Economics: Addressing Scarcity about?

The document discusses the application of economics to address basic economic problems, focusing on scarcity, resource allocation, and the impact of the COVID-19 pandemic. It outlines key economic questions, the importance of economics in decision-making, and the scientific approach to testing economic theories. Additionally, it highlights specific economic challenges faced by the Philippines, such as non-inclusive growth, unemployment, persistent poverty, rapid population growth, and resource scarcity, alo

Author

kyrenzgwapo

Language

EN