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It is for my macroeconomics class. Thanks 1 - Explain why scarcity leads to trade-offs. 2 - Name the three main categories of economic trade-

It is for my macroeconomics class. Thanks

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1 - Explain why scarcity leads to trade-offs. 2 - Name the three main categories of economic trade- offs. 3 - What are the three main components of interest rate? 4 Explain why is a production possibility frontier curved. (Hint: What underlying principle or law does it illustrate? What does it mean in terms of opportunity cost?) 5 What is a positive economic statement? Please give an example. 6 - Overall how can self-interest be a good thing for society? (Consider the aspect of an individual's education or firms developing innovative products.) Can self-interest help society? Please explain

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