In relation to the previous questions, what is the one key variable that answers the fundamental questions about microeconomics and what drives the economy? a). prices b)., Demand c). None of the answers provided is corrects d). Supply Which of the following best describes positive economics? a). It is the way thing are b). It is when the economy is doing very well c). It is a key indicator of how much money consumers are spending d). It is the way things could be Which of the following is used by economics as an example of a perfectly competitive market? a). eBay b). QVC c). The stock market d). NFTA True or False: Since water is important to substaning life, than diamonds, the twin forces of supply and demand dictate that water be just as expensive as diamonds

A construction firm can achieve a $ 20,000 cost savings in Year 1 and it is expected to increase by $ 3,000 each year for the next 5 years by upgrading some equipment. At an interest rate of 12% what is the equivalent annual worth of the savings? The value is closest to? On. $ 21,500 b. $ 28,500 c. $ 26,500 O d. $ 31,500Indicate whether the statement is true or false, and justify your answer. (1) A risk-averse individual prefers a certain outcome to an uncertain outcome with the same expected income. (2) Insurance represents a transfer of wealth from healthy states to sick states. (3) When insurance is fair, in a sense, it is also free. Course Code Descriptive Title of Course Credit Grade Remarks Hours DAC 1501 Financial Accounting 3 C Pass DBA 1101 Business Law 3 B Pass DBA 1102 Economics 3 B Pass DCU 1001 Communication Skills 3 B Pass DCU 1002 Life Skills 3 B Pass DCU 1003 Entrepreneurship Development B Pass DCU 1007 Information Communication A Pass Technology and Ethics DHR 1103 Fundamentals of Human Resource A Pass Management DBA 1104 Quantitative Methods 3 B Pass DBA 1107 Business Plan 3 A Pass DBA 1109 Office Administration and 3 A Pass Management DBA 1302 Labour Economics 3 B Pass DHR 1110 Labour laws 3 A Pass DHR 1201 Human and Public Relations 3 A Pass DHR 1502 Human Resource Development 3 A Pass DMT 1303 Principles and Practice of Marketing A Pass DAC 1503 Managerial Accounting 2 B Pass DBA 1008 Financial Management 2 B Pass DBA 1103 Principles and Practice of Management Pass DCU 1005 Research Project 2 A Pass DCU 1008 Research Methodology B Pass DHR 1008 Employee Relations A Pass DHR 1106 Organization Theory and Behaviour A Pass DHR 1111 Reward Management 2 A Pass Recommendation Pass