This is the professor instruction PLEASE MAKE SURE THERE IS NO PLAGIARISM or COP

This is the professor instruction
PLEASE MAKE SURE THERE IS NO PLAGIARISM or COPYING
PLEASE DO NOT CHAT GPT OR SIMILAR APPS
Students must use APA style guidelines.
Support your submission with course material concepts, principles, and theories from the textbook, along with at least two scholarly, peer-reviewed journal articles
.Q1. “Economics is the science of choices if there are
scarce resources.” examine the statement critically with the help of suitable
examples.
Q2. Explain the concept of the production
possibilities curve (PPC). How does PPC
explain the concept of scarcity and opportunity cost? Provide a diagram showing
the inefficient or underemployed resources in a hypothetical economy.
Q3. “Rationale people respond to the
incentives”. Consider a scenario and critically examine the statement. What is the real-nominal principle? Take an example
and explain.
Q4.
Explain the law of demand and take a product of your choice to prepare a market
demand schedule and market demand curve with some hypothetical numbers. Also,
explain the four non-price determinants of demand.
THE CLASS SLIDES ARE ATTACHED
THANK YOU