1. Complete each of the following tasks with short paragraphs: A. Define scarcity and explain how it is related to choices and trade-offs ( 13) B. Fully explain the difference between the following (USE EXAMPLES FOR EACH): Trade offs and Opportunity Cost( 13) 1i. Price and Cost ( 13) Normative and Positive Economics 13) iv . Consumer Goods and Capital Goods 13) V. Allocationd Productive Efficiency 13) vi. Resource Markets and Product Markets ( 13) vii. Free-Market and Centrally Planned Economies 13)