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pls answer fast now choose 2 Q answer Part B (20%): Answer TWO from the three questions given. State whether you agree or disagree with

pls answer fast now choose 2 Q answer

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Part B (20%): Answer TWO from the three questions given. State whether you agree or disagree with the following statements, and explain your answer. You must answer agree or disagree and explain why. If the answer depending on the circumstance, explain the circumstance when it is true and then when it is false. An unsupported answer would receive no marks. Question 4 With monopoly in industry X, it is not possible to have the price line tangent to the production possibility curve. [10] Question 5 In a small open economy, a consumption subsidy cannot affect the production of a good. [10] Question 6 Even though international differences in supply and demand can conceivably be the sources of international trade, the conventional trade theory has devoted its attention to the production based determinants of trade and less attention paid to demand-based determinants of trade. [10]

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