I just neeed optiiion no need for explana

The human want for resources that exceeds the limited supply is known as Wealth inequality The existence of free goods Scarcity UnemploymentHow do macroeconomics and microeconomics directly relate to each other? Microeconomics is a branch of macroeconomics Through the health of the macroeconomy Macroeconomics is a branch of microeconomics Through fiscal policy set in the microeconomyMarginal analysis is Examining total benefits of a decision Examining total costs and total benefits of a decision Examining cost and benefits of choosing a little more or less of a good The idea that the cost of an item is the value of the next best alternativeWhy is the budget constraint framework useful in the study of economics? It emphasizes that most choices are not all or nothing It tells producers how much of an item consumers will buy It allows economists to look at total costs and total benefits It explains why one product is more valuable than anotherMartha has $20 that she wants to spend on books and magazines at her local used bookstore. Each book costs $5, and each magazine costs $2. Which of the following represents a combination on Martha's budget constraint? 3 books and 2 magazines 1 book and 4 magazines 2 books and 5 magazines 4 books and 1 magazine BUDGET: $10 BURGERS: $2 BUS TICKETS: 50 CENTS C BURGERS OHNWAUTO F In the following graph, what is the 8 12 16 20 24 opportunity cost of four bus BUS TICKETS tickets? Greenlaw/Creative Commons $2 Two burgers $4 One burgerThe following graph displays a nation's possible PPF for healthcare and education. The line for the PPF is shown connecting points A, B, C, D, and F. Why is the line curved? The law of diminishing returns; the more you have of a good, the less valuable each unit is There is a third item involved in the graph that is confounding the data Healthcare is much more valuable to this particular nation than education Education is much more valuable to this particular nation than healthcare A production possibilities frontier has a slope that increases the more of a product is produced, indicating an increase in the opportunity cost of producing that product. The best explanation for this is: When a nation produces a small amount of the product, it uses the resources best suited to producing that product; as it increases production, it uses resources that are less suited Since production resources are scarce, producing more of one product means producing less of the other products Some resources are unemployed until demand for the product increases Because there is more supply of the product, the consumer cost of the product decreases A subjective statement, or opinion, about the world that cannot be tested is a statement. Theoretical Normative Positive Logical Which of the following is true about quantity supplied? Select all that apply. A rise in price almost always leads to an increase in quantity supped Quantity supplied means how much a producer will offer for sale at a given price Quantity supplied means how much consumers buy at a given price Quantity supplied and supply are the same thing Which is true about any price below equilibrium? Select all that apply. Quantity demanded is greater than quantity supplied There is a shortage Quantity demanded equals quantity supplied There is a surplusWhen demand increases it means: Consumers wish to buy more of a product at a lower price than they did before Consumers are willing to pay less for the same quantity of output Producers are willing to sell more output at the same price Consumers wish to buy more of a product than they did before at the same price If the Centers for Disease Control and Prevention predicts a particularly harsh u strain this winter: Hand sanitizer producers are likely to produce more product this year than normal Prices of hand sanitizer are likely to decrease The demand for hand sanitizer is likely to decrease The supply of hand sanitizer is likely to decrease A decrease in the price of coffee will cause: A decrease in sales of a substitute good, like tea An increase in demand for tea An increase in the quantity demanded for tea A decrease in the equilibrium quantity of coffee According to the theories of supply and demand, a decrease in the price of grapes will cause: A decrease in sales of wine An increase in demand for wine A decrease in quantity demanded for wine A decrease in the price of wine A shortage happens when: A price ceiling is set above the equilibrium price A price floor is set above the equilibrium price A price ceiling is set below the equilibrium price None of these options are correct* price set the equilibrium price results in a surplus. Ceiling; above Floor; at Floor; above Ceiling; at A price ceiling on rental housing can result in which of the following? Select all that apply. There is a rental housing shortage Landlords spend less on rental housing maintenance There is a rental housing surplus Supply of rental housing increases a large increase in price results in a small increase in quantity supplied, pply can be described as Elastic with respect to price Perfectly elastic with respect to price Inelastic with respect to price Perfectly inelastic with respect to price