Help with the questions below

1. What does ceteris paribus mean in economics? Explain your answer.(4) 2. How do you distinguish a good from a service? (4) 3. What do economists mean by rational behavior? (4) 4. Why money is not considered a capital good in economics? (4) 5. What does a production possibilities frontier (PPF) show? Why a combination below PPF is called inefficient? (6) 6. In the table below calculate opportunity cost for: (12) Country Computers Sewing Machines Japan 500 900 Canada 300 480 a. Japan of producing a computer rather than a sewing machine b. Canada of producing a computer rather than a sewing machine c. Japan of producing a sewing machine rather than a computer d. Canada of producing a sewing machine rather than a computer e. Which country has comparative advantage in producing sewing machines? f. Which country has comparative advantage in producing computers? 7. Distinguish between positive and normative economics. Give one example of each. (4)\fIn the table above answer the following questions: a. What is the equilibrium price? b. What is equilibrium quantity demand and supplied? c. Would price of $13 create a surplus or shortage of how many units? d. Would demand increase or quantity demanded increase if income is increased? 9. Would it create surplus or shortage of labor if floor pricing (minimum wage) is set below the equilibrium price? (4)