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

Question 5 {25 marks} (a)Winter Ltd is in the process of winding up and Don is appointed the liquidator. He has established the following: {i} The company acquired a property in Kowloon for $31) million and it is the subject of a charge to Kowloon Bank for $21] million. The current market price of the property is $l million (ii) The company has other unencumbered noncurrent assets of $4 million (iii) The company has a bank balance of$l .04 million at Water Bank (iv) The company has not paid its tax bill of $200,013} (V) The company still owes its suppliers $4 million (w) Liquidator's fees of $E, is owed to Don (Vii) The company owes its non-executive directors a total of $2 million directors' fees (viii) The company owes each of its 4'!) employees wages of $6633\") and severance payment of $l,DD Required: Advise Don on how the assets of the company should be distributed. (please ignore the operation of the Protection of Wages Insolyllcy Ordinance} (15 marks}