Explain the What, How, For and Whom of the core economic choices that every nation faces.

2.) Explain the 4 Types of Factors of Production (What are the 4 Factors of Production). Also, Give a personal example of each of the 4 Factors of Production.

3.) What is Opportunity Cost in economics (define Opportunity Cost)? Also, Provide Two examples of an Opportunity Cost.

4.) Explain The Production Possibilities Curve in economics and provide a personal example of a Production Possibilities Curve.