Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Direction: identify the appropriate government policy should implement in each economic situation.

Transcribed Image Text:II. TOPIC: Socioeconomic Factors Affecting Business and Industry: Government Policies
III. Directions:Identify the appropriate government policy should implement in each economic
situation.
ECONOMIC SITUATION
GOVERNMENT POLICY
POSSIBLE EFFECTS OR RESULTS
1. Business closure due to
Covid-19
2. Strengthening the
microbusinesses
3. Maintain the prices of medical
supplies and equipment related
to Covid- 19
4. Many people were jobless due
to pandemic
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