Each of the following situations requires some trade-offs. You are supposed to analyze and discuss a few trade-offs with respect to each of the given situation. a. A Parliamentarian has to make a decision whether to spend on welfare of poor people during a COVID-19 pandemic. (1 Mark, Maximum 100 words). b. President of Elko Pharma Karachi wants to make a decision whether to start a new factory. (1 Mark, Maximum 100 words). C. Federal government of Pakistan wants to decide how much to spend on national defense during 2020-2010. (1 Mark, Maximum 100 words). d. A student in Karachi who's recently finished his BS in Computer Science wants to decide whether to start his MS in Computer Science. (1 Mark, Maximum 100 words). e. A lower income family wants to decide whether to buy a new car. (1 Mark, Maximum