When Ali makes a statement, "The cost of living has increased 10% over the past 10 years in Germany," he is Oa making a normative statement O b. making a positive statement c. testing an economic model d. None of these Question 19 Not yet answered Marked out of 100 Flag question The value of the next best alternative forgone refers to O a. Transformation curve b. Economic system OC. Production possibility curve O d. Opportunity cost Question 20 Not yet answered Marked out of 100 Flag question Finding out the way to get maximum output at a minimum cost is an economic problem related to: a. For whom to produce? O b. How to produce? c. What to produce? O d. How to achieve economic growth