1. Explain the difference between microeconomics and macroeconomics. 2. List the three categories of resources and give an example of each. 3. Are the following statements normative or positive? a. Mac computers are better than PCs. b. ECO 201 is a prerequisite for ECO 202. c. February has 29 days in 2020 because it is a leap year. d. In all of 2019, LCCC was closed ten full days due to weather cancellations. 4. For each of the following, discuss the opportunity cost involved. a. Martina goes to a late-night concert the night before her Economics exam. b. Oliver spends $699 on a new iPhone 11. c. The XYZ Corporation spends $50,000 on a training program for their employees. d. Jane sets aside $200 each month from her paycheck into a retirement savings account