When pavement imposed a pilluses tax on the company 36. Which of the dedicadry is NOT a private good? D data house PART By Short answer question: 61 marks Question 1 (a) Explain whether each of the following statements applies to positive analysis or normative analysis: (1) Covid 19 pandemic has caused billion of dollars losses in the tourism industry (2 marks) in both 2020 and 2021. (il) When dealing with Covid 19 virus, the government should shut down the economy and isolate infected patients to relief excessive pressures on healthcare workers. (2 marks) (iii) Malaysia should produce its own Covid-19 vaccine instead of relying on Foreign pharmaceutical companies. (2 marks) Discuss the role of property rights and price mechanism in the free market system. (4 marks) Danny buys only two goods: book and pizza where the prices of book and $10 and $5 respectively, and he only has $50 to spend