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D Question 24 Which of the following statements is TRUE? O When corn prices increa crease the supply of wheat O When price of paper increases, supply for paperback books will increase O When government gives Lipton Tea a subsidy, the supply of tea will increase O None of the above D Question 25 Which of the following is NOT an illustration of the notion of opportunity cost O The production of more military go available to produce civilian goods. When a Kansas farmer plants more wheat on her land she leaves less land available to cultivate com. If I buy a pizza, I will not be able to afford to watch a movie. After the pandemic the US economy is able to increase production of capital goods and consumer goods as well D Question 26 The most fundamental economic problem in any economy is : National security ( Universal healthcare Scarcity Creative Destruction D Question 27 Which of the following statements is TRUE? O In a market economy, decisions are based on central government ( In a command economy, decisions are based on customs ( In a command economy, decisions are based on the forces of supply and demand In a market economy, decisions are based on the forces of supply and demand D Question 28 A worker who loses a job as a cash an example of O Frictional unemployment O Structural unemployment O Cyclical unemployment Disguised unemployment Question 29