1.The statement "economics is really interesting" is

Select one:

Positive because it can be proven right or wrong

Normative because it is an opinion

Positive because it is not saying anything bad

Normative because it can be proven right or wrong

2.The opportunity cost of the government building a shipping port is possibly

Select one:

The $2 billion cost of the port

The port fees that can be charged visiting ships

The environmental damage done by scaring whales away

Not building a bridge connecting two highways

3.If you expect to pay $25 for a movie ticket, but you end up paying only $12, then your

Select one:

Consumer surplus is $13

Total surplus is $13

Total surplus is $25

Consumer surplus is $25

4.If the price of pizza increases by 5%, and the demand for beer decreases by 3%, then the cross elasticity of demand for beer is

Select one:

-1.7 and pizza and beer are complements

-0.6 and pizza and beer are complements

-1.7 and pizza and beer are substitutes

-0.6 and pizza and beer are substitutes

5.If revenue is $400, explicit costs are $200 and opportunity costs are $75, then accounting profit and economic profit are

Select one:

$125 and $200 respectively

Both $125

$200 and $125 respectively

Both $200

CAN you please reply me those 5 mcq and I don't want explanation want answer only.