Select the best answer for each of the questions given. 1 _ Economic the-ones and models do not reflect the frill complexity of reality: but instead are based on: A. Choice and tradeoffs B. Simplifications through the use of assumptions C _ Value judgments and considerations D. Choice and marginal analysis 2_ A reallocation of resources within an economy from A to B shown in the PPC diagram above is likely to lead to A. A shon term lise in production of consumer goods and a fall in demand for investment goods B. A shon term fall in production of consumer goods but a long term rise in an economys productive potential C. A decrease in demand for workers employed in producing capital goods D. An increase in the demand for consumption goods Acce