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2.) Which of the following statements is TRUE? a.) Economists seek to apply the scientific method to social science questions. b.) Models can provide useful insights because they are only simplifications of reality. C.) The reasonability of an economic assumption depends on context. d.) All of the above 3.) Which of the following statements is positive? a.) The length of the monopoly rights granted by patents should be reduced. b.) TCNJ should decrease its tuition in order to increase access to education. c.) A higher minimum wage would cause more unemployment. d.) None of the above. 4.) Suppose that Bob can produce hamburgers and pasta and has 10 hours of time. He can produce 10 hamburgers in one hour and 2 plates of pasta in one hour. What is Bob's opportunity cost of producing hamburgers? a.) 1/5 b.) 2/5 C.) 3/5 d.) 4/5 5.) Suppose that Jimmy can also produce hamburgers and pasta and has 10 hours of time. He can produce 3 hamburgers in one hour or 1 plate of pasta in one hour. Which of the following is true? a.) Jimmy has comparative advantage in the production of pasta. b.) Jimmy has comparative advantage in the production of hamburgers. c.) Jimmy has absolute advantage in the production of pasta. d.) Jimmy has absolute advantage in the production of hamburgers