1(a)Imagine that you are the economic advisor of country Z which can produce only two products rice and wheat. Country Z wants to adopt the free market economic system. Using the given scenario explain in detail what is a free market economic system.

1(b)Recently, the citizens of country Z have been complaining about the increasing price of rice in country Z. Discuss briefly all the different ways country Z can tackle and manage the problem of increasing price of rice. No need to draw and use a diagram in your answer.

1(c)One day you are travelling in a car across country Z and you note that there are many empty houses in country Z. From this observation, what can you understand and predict about the housing market of country Z