1. Make a research and list down all the verses you can find in the Bible concerning Wealth, Prosperity, and Money make a short reaction on each verse.
A. Proverbs 10:22 (Wealth)
“It is the blessing of the Lord that makes rich, And He adds no sorrow to it.”
-It means that the blessings of the Lord will make us rich and not only the things we have, and He doesn’t add sorrow to our riches.
B. Isaiah 1:19 (Prosperity)
“If you are willing and obedient, you will eat the best from the land;”
-Have a willingness to obey God and He will give you the best there is.
C. Proverbs 24:3-4 (Money)
“Through wisdom a house is built, and by understanding it is established; and by knowledge the rooms shall be filled with all precious and pleasant riches.”
-Everything that we do is by heart and hard work in order for us to receive blessings.
2. Complete the following in your own words…
2.1) Economics is…
-the flow of the economy of the country, and it is also the production, distribution and consumption of goods and services. It teaches us how to balance the economy and how it is applied in the country.
2.2) Economics is a Science because…
-it shows us on how the production, distribution and consumption of goods are being done. It also records the quantity and quality of the goods and services.
2.3) Economics is different from the Natural Science because…
-our goods and services are less in Natural Science because it tells us about all the natural things on earth.
2.4) Production is…
-producing the need or want of a person.
2.5) Allocation is…
-the scheduling of quantities of the activities that are needed to be done in a certain time.
2.6) Resources can be categorized into…
-Renewable resources and Non-renewable resources.
2.7) Consumption is the…
-purpose of all production.
2.8) Production and Distribution or Allocation is a problem because…
-it creates scarcity in the country because of the economic problem of having unlimited human needs and wants in a country that has only limited resources.
2.9) Wants and Needs in relation to resources is a problem because…
-human needs and wants that are unlimited and there is only limited resources in the country.
3. Research on the following individuals and make a short reaction about their contribution in Economics.
3.1) Adam Smith
He was a Scottish social philosopher and a pioneer of political economy.The Wealth of Nations, is considered his magnum opus and the first modern work of economics. It earned him an enormous reputation and would become one of the most influential works on economics ever published. He is widely cited as the father of modern economics and capitalism.
3.2) Abraham Maslow
He was an American professor of psychology at Brandeis University, Brooklyn College, New School for Social Research and Columbia University who found humanistic psychology and created Maslow’s hierarchy of needs. He stressed the importance of focusing on the positive qualities in people, as opposed to treating them as a ‘bag of symptoms.’
-It’s amazing that he found humanistic psychology and created Maslow’s hierarchy of needs that is a theory in psychology.
3.3) John Maynard Keynes
He was a British economist whose ideas have profoundly affected the theory and practice of modern macroeconomics, as well as the economic policies of governments. He greatly refined earlier work on the causes of business cycles, and advocated the use of fiscal and monetary measures to mitigate the adverse effects of economic recessions and depressions. His ideas are the basis for the school of thought known as “Keynesian Economics,” as well as its various offshoots.
-It is great that he has a lot of contribution to economics.
3.4) Karl Marx
He was a German philosopher, sociologist, economic historian, journalist, and revolutionary socialist who developed the socio-political theory of Marxism. His ideas have since played a significant role in the development of social science and the socialist political movement. He published various books during his lifetime.
-Wow, he published books during his lifetime and I’m glad that he had interests in being a philosopher, sociologist, economic historian, journalist, and revolutionary socialist.
3.5) David Ricardo
He was an English-Portuguese political economist, often credited with systematising economics. He was also a member of Parliament, businessman, financier and speculator, who amassed a considerable personal fortune. Perhaps his most important contribution was the “Law of Comparative Advantage,” a fundamental argument in favour of free trade among countries and of specialisation among individuals.
-I’m glad that his most important contribution was the “Law of Comparative Advantage.”
Submitted By: Miguel Paolo B. Berenguer
Submitted To: Sir Edwin Santie
101 Things the Devil Can’t Do by Maisie Sparks
part 1 (1-25)
1) The ENEMY can’t win. (1 Cor. 15:57)
2) The ADVERSARY can’t have you. (Luke 22:21-32)
3) The ACCUSER can’t touch you without God’s permission. (Job 1:12)
4) The FOE can’t keep you fearful. (Psalm 27:1)
5) The DEFIANT can’t dwell in Heaven. (Ezekiel 28:16)
6) The DISCOURAGER can’t keep you depressed. (Psalm 42:11)
7) The DETHRONED can’t be in charge. (Psalm 22:28)
9) The MISTREATMENT can’t get yu down. (2 Corinthians 4:8-9)
10) The WHIPPED can’t demand to be worshipped. (Matthew 4:10)
11) The PREDATOR can’t miss the bottomless pit. (Revelation 20:2-3)
12) The BURGLAR can’t find the source of your life. (Colossians 3:3)
13) The ARSONIST can’t beat the heat. (Revelation 20:10)
14) The FIEND can’t be your friend. (2 Corinthians 6:14)
15) The STRANGER can’t be followed. (John 10:5)
16) The DEVIL can’t have authority over you. (Luke 10:19)
17) The WICKED can’t be loved. (Psalm 97:10)
18) The SNAKE can’t beat even though he bites. (Genesis 3:15)
19) The CHEAPSKATE can’t own you any longer. (1 Corinthians 6:20)
20) The SCOUNDREL can’t stand your submission to God. (James 4:7)
21) The TROUBLEMAKER can’t be up to anything good. (1 Peter 5:8)
22) The BAD MEMORY can’t mess up your future because of your past. (Phillippians 3:13-14)
23) The SLAVE MASTER can’t put you back in bondage. (Galatians 5:1)
24) The IMPOSTOR can’t disguise himself from God. (Mark 8:33)
25) The PEST can’t keep bothering you. (Isaiah 14:5-7)
Marge: Homer, there is a man here who says he can help you.
Marge: No, he’s a scientist.
Homer: Batman’s a scientist?
Marge: It’s NOT BATMAN!
via A Box and Maru 8