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I need help with these 5 microeconomics questions: Question 1 (1 point) Which of the following is a positive, rather than a normative, statement? 0

I need help with these 5 microeconomics questions:

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Question 1 (1 point) Which of the following is a positive, rather than a normative, statement? 0 \"A ban on smoking will lower the health insurance budget.\" 0 \"A ban on smoking is a good piece of legislation.\" O \"Parliament ought to pass a ban on smoking.\" O \"A ban on smoking will change the distribution of income unfairly.\" Question 2 (1 point) Assume that Alberta and Saskatchewan only produce and consume milk and corn, and that Alberta has absolute advantage in both milk and corn production. Can Alberta still benefit from trading with Saskatchewan? Yes NoQuestion 3 (1 point) Instant ramen noodles are an inferior good. Holding everything else constant, if people's income increases, then the price of instant ramen noodles will Question 4 (1 point) For the following pairs of goods, identify which good in the pair has the higher price elasticity of demand: Water; Diamonds 0 Diamonds O Water Question 5 (1 point) Use the following diagram to answer the next question: Now, if the government institutes a price floor equal to $10/peach, what is the quantity traded in this market? P $/peach Supply $10 P floor $8 $4 Demand DS Q peaches 14 16 20 14 peaches 16 peaches 20 peaches 0 peaches

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