Question

Oa. the relative prices of the two goods competing to satisfy wants. b. the size of the budget. ° C. the tastes and preferences of the decision-maker. QUESTION 2 10 points a. of diminishing returns. o b.production of different types will compete for limited resources. c, the opportunity cost of producing more of something wil rise. QUESTION 3 10 points Save Answer identify the normative statement(s) among the following statement(s). College tuition is too high. b.College tuition is higher for out-of-state students than it is for in-state students. c. College tuition is not high enough. QUESTION 4 10 points Save Answer Which of the following statements are positive? O a. Social security bergfits are not taxed. 0 b. There is a limit to the income each year to which the FICA tax applies, but that is fair, since there is a limit to social security benefits. c. I am absolutely positive that there is a better way. QUESTION 5 10 points Normative statements are based upon a. conjecture. b. value judgements.

Number 3 and 4 please

Answer 1

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