CIRCULAR FLOW OF INCOME

Do you know how the economy flows?

A.)Read the definition from the site:
 http://ingrimayne.com/econ/TheFirm/CircularFlow.html

Click Review at the bottom , after reading the above-site and answer the questions.


B.)After reading the definition answer the following questions in your journal. ( Answer only)

1. What sectors are involved in the circular flow?

2. In the circular flow, how does business investment add to the flow?

3. How will government spending contribute to the circular flow of money?

4. How are exportation activities helpful to the flow of money in the economy?

5. Why does it consider savings, taxes and imports a MINUS to the flow of money in the economy? 

B.) Then analyze the images shown in the site below:

http://www.fgn.unisg.ch/eurmacro/tutor/circularflow_movie.html

C. ) Answer the questions in your journal :

c.1. What is the first key player in the economy?
c.2 What are the inputs to firms? Outputs? (based on the movie)
c.3 What is the second key player? Inputs and outputs?
c.4 How are firms and households connected?
c.5 What are the two circles shown in the macro-economic flow?
c.6 How do economists measure transactions in the economy?
c.7 What is income? Spending?

CHECK YOUR LEARNING BY ANSWERING THE QUIZ BELOW
Test 1.
A. CLICK http://www.amosweb.com/cgi-bin/awb_nav.pl?s=tst
B. Select test: type Circular Flow
C. Click retrieve test
D. Answer the test until you get the perfect score.
Test 2. http://highered.mcgraw-hill.com/sites/0072819359/student_view0/chapter2/quiz_one.htm

Consumer Rights and Responsibilties

A.   What are your rights as consumers?  Click the link below to find-out...

http://www.dticebu.net.ph/09_b_01.htm

Look at the teachers powerpoint presentation go through the exercise.

After knowing your rights and responsibilities..let's check your understanding by answering the following:  submit answers to email ad: aslev05@yahoo.com

B.1   What do you know?


1. The Law gives you consumer r _ _ _ _ s which protect you from shops treating you unfairly.
2. When you buy something, you are making a c _ _ _ _ _ _ t with the shop.
3. Always take the r _ _ _ _ _ t with you if you take something back to the shop.
4. You must ask to see the m _ _ _ _ _ r if you have problems getting your money back.
5. When you go to a shop to complain, take the faulty goods and r _ _ _ _ _ t
with you. 
6. Ask to see the m _ _ _ _ _ r and explain very calmly what the (7) p _ _ _ _ _ m  is.
 
8. Then ask for your m _ _ _ y back or a  (9).  _ _ _ _ _ r pair of products.

B.3   Identify which right of the consumer is violated as stipulated in the DTI website.

http://www.consumerconnect.ie/eng/Learning_Zone/Quizzes/Clever_Consumer/

http://www.consumer.org.nz/reports/consumer-rights-quiz/take-the-quiz

B.4 Assignment:   In your journal, compose a complaint letter using this format:

http://consumerist.com/2006/10/how-to-write-a-complaint-letter.html

or state the following in your letter:

Dear (insert owner/manager's name or Sir/Madam)                        On (insert date of purchase)
I bought (description of the service, include any details     which will make the service identifiable to the company). I attach a copy of my receipt          or your information.
I am writing to you because (outline the problem, for example)
• The service was not carried out with the necessary skill
• The service was not carried out with due care and diligence
• The materials used were not of merchantable quality

On (insert date) I rang and spoke to (insert name of person you spoke to) but (insert outcome here, for example I have heard nothing further since).
Under the CONSUMER ACT RA 7394' if a consumer has a
contract with a service supplier the consumer can expect that:
• The supplier has the necessary skill to provide the service
• The service will be provided with proper care and diligence
• The materials used will be sound and that goods supplied with the service will be
of merchantable quality

Under consumer law my contract is with the supplier of the service and as such I am
writing to you to seek (state what you want the supplier to do e.g. offer a repair,
replacement or a refund*).
I kindly request that you respond to my complaint within 10 working days.

Yours sincerely,
(Sign your name here)


Try answering the questions on the site below:

http://www.dineshbakshi.com/External-Environment/Interactive-quizzes/consumer-protection-laws-match-up-quiz.html

http://www.eparenting.co.uk/quizzes/know_your_consumer_rights_quiz.php

Consumer Rights and Responsibilities

Analyze the pictures below.

          What do the pictures show?

What does it reflect about consumers?

How can you be protected as consumers?



A.    Click the link below and follow the instructions..

http://www.schoolsnet.com/pls/hot_school/sn_lessons.page_pls_lesson_detail?x=244062595209&p_lesson_id=78&p_res_type_id=15
Just click next after answering activities.

B.  Look for 1 policy or law in the Philippines that iams to protect the consumers, write a short description and submit this online at aslev05@yahoo.com

Answer the quiz below..
http://www.consumer.org.nz/reports/consumer-rights-quiz/take-the-quiz