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question 1 2 parts Question 1 Maximum Marks: 05 a) What are the factors you consider to figure out the opportunity cost of a vacation

question 1 2 parts

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Question 1 Maximum Marks: 05 a) What are the factors you consider to figure out the opportunity cost of a vacation to Gorakh Hill Station? (1 Marks) (Word count: 100 words max.) b) Efficiency and equality are examples of classic trade-offs in economics. Analyze each of the following statements from the standpoints of efficiency and equality. i. "Amid COVID-19, everyone in society should be guaranteed the best healthcare possible." (2 Marks) (Word count: 150 words max.) ii. "When workers lose their jobs, they should be able to collect Ehsas income support benefits until they find a new job." (2 Marks) (Word count: 150 words max.)

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