Question 12 of 21 A person's willingness to pay for and consume a good is based on? Select the correct response: O the availability of the good O the study of which lies beyond the boundaries of economics the marginal benefit that an extra unit of the good would provide for that person O the marginal cost of producing an extra unit of the good Question 13 of 21 Which of the following statements is true? Select the correct response O a producer who uses no more that it needs must display productive efficiency the world's economies were as integrated 50 years ago as they are today Despite the problem of scarcity, people do not always want producers to use the most efficient production methods the problems of scarcity would disappear if the world's population grew to ensure more labor will be available Question 14 of 21 When all regulations and benefits intended for the workers were removed to attract foreign market this principle is known as Select the correct response: O) race to the bottom O trade optimization O marginal utility () comparative advantageQuestion 15 of 21 2 Point While it is true that corporations employ more people, it is not always the best way to organize a business. The form of business depends on the need of the business. All have advantages and disadvantages. Select the correct response: True O False