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Vocabulary based on the Learning Activity Sheet focusing on economic allocation, budgeting, and decision-making during emergency situations in Madridejos, Cebu.
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Alokasyon
The process of dividing or distributing limited resources to meet the needs and survival of a family.
Madridejos
The specific municipality in Bantayan Island where the activity's scenario is set.
Hagnaya
The port from which ships travel to Madridejos; travel from this location is suspended during typhoons leading to supply shortages.
PHP 5,000
The specific limited amount of money provided in the scenario to be allocated for a family of five over two weeks.
Survival Budget Matrix
The table used by students to detail particular items to buy, the justification for the choice, and the specific cost.
Trade-off
The economic concept representing the choice given up to fund or prioritize basic needs like food and water.
Opportunity Cost
The value of the alternative sacrificed, such as reducing food funds to pay for medicine during an unexpected illness.
ISLA-MAALAM
The title of Learning Activity Sheet No. 1, focusing on allocation and smart consumer choices during a typhoon.
Blackout
A condition mentioned in the context involving the prolonged loss of electricity supply on the island due to typhoons.
Bantayan Island
The geographic region in the Philippines mentioned as being frequently hit by strong typhoons each year.