Acantilado, Shiela Mae Barlaan, Alex Nichole Josue, Cecric Perater, James Sedigo, Jocel Tilanduca, Lendon BSAC

3 ACA

April 23, 2012 BUSE 1/8:45am/C402

The Past Christian has invited Mara to be his date on his birthday and Clara overheard it. So jealous of what she heard, she began spying Mara to check what shed be wearing for the occasion> Mara has planned to buy a tailored expensive dress. Clara plans to buy it. At Present Mara broke her coin bank. She goes to the mall. Mara: Oh my goodness! The price surprisingly increased! How come? I just came here yesterday to double check the price to see if I have just enough to buy this good. Cedric: Maam, this tailored dress is exceptional and this dress isnt the same dress you saw from yesterdays display and the materials we use to make this has increased substantially due to unavailability of raw materials. We can offer this dress for this amount and this alone. Mara: For your information Mr. you need to offer the goods at a price we customers can readily buy. I believe that will make the market meet half ways in the so called EQUILIBRIUM. Cedric: Maam, this is not a necessity but a luxury, consumers buy when they can afford and if they cant, they dont. Clara: Well, well, well, look whos here, the social climber squatter. So you really can afford to buy such dress? Since when did you have P3000 in your wallet?

Mara: I dont want to argue with you. Clara: You see Mara, when your income is increasing, you can demand for more or better, buy superior goods. However, in your case it is so not applicable. Your income, as the school knows, is so small that you can only afford to buy normal goods and inferior goods. So, shooo! Go and buy what you can with your money. (Mara goes to the market) Mara: Oil price hike for the nth time? Let me understand! Explain!(nag welga. Singgit-singgit) Lendon: Ladies and gentlemen, the Eagles have just arrived.

President of the United States of America President of Greece President of Japan

The eagles are inside, the eagles are inside, and they are safe. US: Most people are unaware of the easily observable signs of the crisis we are facing today, where it came and how to stop it. We no longer produce what we need to sustain ourselves, we import much more than we expect and we sell off our assets and taking on the massive debts to sustain a standard of living we can no longer afford. While we strive to overcome this crisis we are experiencing, please supply us with the goods we consider a necessity. We are currently facing shortages in these goods because of the increasing demand from our citizens and that we lack knowledge, capacity and investment capital to facilitate self-sustaining production.

Greece: In the past years, we have uncontrolled spending, low taxes, cheap lending and failure to implement financial reforms. These lead to a huge deficit in our funds, we had no choice but to borrow from the European and International monetary fund to be able to repay our debts, I ordered the citizens to pay higher taxes but there have been warnings of resistance from various sectors of the society, workers nationwide have staged strikes closing airports, government offices, courts and schools. Japan: We are still in the process of recovering from the disaster we experienced a year ago. The tsunami impaired a number of infrastructures, science centers and nuclear power plants leading to destruction in some of our places. Investors are coming in but I wont deny that a huge portion of our countrys investors have transferred to other low-wage countries. We offered them almost 0% interest but that didnt work well. Our people have cut much on spending due to unemployment. This had an effect in our countrys cash flows. Other than the things I mentioned, there were no other problems. Philippines: Being the president of the United Nations does not excuse me from having my own problems in my own country. Unemployment is still going up, debts are still high, and corruption is still rampant. To make it short, combine all your problems that are ours. But I have high hopes for this country. I believe that one day; all the people will gain the value of integrity because from that springs trust and development will increase in a rapid pace. With proper communication and management to address the needs of our people, we can use our resources efficiently despite its scarcity. By that time, we will be at a point in our production possibilities curve and full employment will be achieved. As for the US, we are willing to supply for the shortage and for the necessities. As for Greece, what you need to do is to gain the trust of your people and explain to them the reason from such increase in tax. As for Japan, I know you can do it. (City Hunter entered)

Philippines: Who are you? Cedric: I am City Hunter Philippines: What are you doing? Did I give a shoot to kill order? Cedric: Ahmm I was just told to Ahmm the economy is very down many people are hungry many are broken because parents go abroad to sustain the needs of their family and the oil its always going up. Philippines: My child I am an imperfect human being who, like you, can only see in a limited distance. I can foresee but not all things happen the way I expect it to be. Cedric: I dont understand. Philippines: What government officials do, I have no power to know them all. Though I have the power to administer the law, following it is not a choice I can make for them. As to international trade, I have no control of it. The price of oil continues to go high due to an increase in the demand on the part of the consumers making the equilibrium price higher. Cedric: I still dont understand. Philippines: Just trust me. (What was City Hunter doing in the Presidents conference? Would life be sacrificed) On the other hand: Clara: So you really came? Social climber! Clara and Mara: Christian! Clara: Whats with her thats not in me? Why do you keep on neglecting me Christian? Why?! Did I do something wrong? James: Are you okay? Clara: Aah James: Oh, so improper of me, I am Daniel.