Answer all questions below

Question 6 1 pts Benny operates a gardening service to customers. The services provided include mowing, fertilising, weeding, pruning, garden design and a spring tidy up. The diagram below is used to describe part of the database model used by Just Benny. Refer to the diagram and indicate which of the following statements is TRUE A ' 0 Each service item is for only one customer only 0 An invoice detail is for many customers 0 An invoice can have many invoice details 0 Many customers are included in the one invoice detail After reading chapters 1 and 2, answer the following questions: 1. Give a concise and precise definition of economics? 2. Explain why it is necessary to study economics? 3. What are the two branches of economics? Explain their differences. 4. Define positiveormative economics and give an example of each. 5. Is resource limitation an economic problem for the United States and its citizens? 6. Name the four economic resources and their respective remuneration. 7. Why do economists disagree? Explain using normative and positive economics. 8. What is the importance of assumptions in the study of economics? Use a word-processing software, such as Microsoft Word, to type your assignments.QUESTION 17 A/an is a universal thought or shared historical memory which is largely unconscious. O Archetype O Temperament Personality constant O Typology QUESTION 18 study involved subjects being ordered to administer strong electric shock to another subject, who was a confederate. O Solomon Asch's conformity O Milgram's obedience O Zimbardo's prison experiment O Rorshach's inkblot QUESTION 19 A personality is a related grouping of personality traits. O Type O Evaluation O Category Assessment QUESTION 20 in Freudian theory, is all the instinctual urges that humans inherit, including eros and Thanatos Old O Ego O SuperegoQuestion Completion Status. QUESTION 25 Allowing to Die is the same as O A. murder O B. withholding treatment O C. assisted suicide QUESTION 26 The Patient Determination Act 1991 gives patients the right to refuse_ O A. only some treatments O B. any treatments O C. neither QUESTION 27 Free Enterprise approach to business is often called O A the noncompetitive approach OB, the competitive approach O C. neither QUESTION 28 Advertising In business aims to create A. wants O B.needs O C. neither QUESTION 29 Affirmative Action can cause Reverse Discrimination O A true O B false C. alwaysPROJECT 6: BASIC ECONOMICS AND FINANCE QUESTION 1 ECONOMICS J.I with the aid of a diagram, discuss the concept of scarcity, opportunity cost and unemployment for a hypothetical economy producing cars and potatoes. 1 2 Define price elasticity of demand and use a diagram to illustrate the relationship between price elasticity of demand and total revenue. 1201 QUESTION 2 FINANCE (30) INFORMATION Puff Adder Distributors Income Statements for the year ended 31 December 2019 and 2018 2019 2018 Sales (all credit) 2167500 1719040 Cost of sales (all credit) (1351539] [1181761) Gross profit 815961 537279 Operating expenses: (206031) (167969) Selling, general and administrative (120649) (107467) Other expenses (85382) (60502) Operating profit 609930 369310 Other income: 11458 9637 Interest Income 11458 9647 Profit before interest 621388 378947 Interest expense (61372) (72515) Profit before tax 560016 306432 Tax [244422) (182707) 315594 123725 Net profit after tax