10)After much consideration, you have chosen Australia over Hong Kong for your Study Abroad program next year. However, the deadline for your final decision is still months away and you may reverse this decision. Which of the following events would prompt you to reverse this decision? Select one: a: The marginal benefit of going to Australia increases, other things being equal. b. The marginal cost of going to Australia decrease, other things being equal. c. The marginal benefit of going to Hong Kong increases, other things being equal. d. The marginal cost of going to Hong Kong increases, other things being equal. I3)Which of the following statement is FALSE? Select one: a. In the short-run, society faces a trade-off between inflation and unemployment. b. The government can potentially improve market outcomes if market inequalities or market failure exists. c. Variations in the standard of living across countries is due almost entirely to differences in each nation's total output of goods and services. d. One way that governments can improve market outcome is to ensure that individuals are able to own and exercise control over their scarce resources