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Basic Microeconomics I need it right now. 1. How can we solve the problem of scarcity? 2. What factors affect scarcity? 3. How can you

Basic Microeconomics I need it right now.

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1. How can we solve the problem of scarcity? 2. What factors affect scarcity? 3. How can you explain the following? . Economic goods . Free good . Productive resources 4. What can you say about the division and specializations of labor discuss and explain in your own words. 5. In your own words what is macro + micro economics, briefly discuss. 6. What are budget constraints and choices for you? Explain and give example 7. What is supply and demand and explain your answers

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