Question: Edit Convert E-Sign Find text or tools Q Share QUESTION ONE [30 1.1 Distinguish between the following economic terms, using examples to motivate your answer:

Edit Convert E-Sign Find text or tools Q Share QUESTION ONE [30 1.1 Distinguish between the following economic terms, using examples to motivate your answer: a). Scarcity and opportunity cost 6 b ). Marginal utility and weighted marginal utility 6 C). Microeconomics and macroeconomics 6 1.2 Examine the two (main) factors that contribute to economic growth according to the production possibility frontier model. (12

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