Question: Please explain detailed. 1- State whether the following statements are true of false. If your answer if false, please explain why and correct the sentence.

Please explain detailed.

Please explain detailed. 1- State whether the following statements are true of

1- State whether the following statements are true of false. If your answer if false, please explain why and correct the sentence. a. Resources are unlimited in a wealthy society. b. The value of the best alternative foregone is the opportunity cost of making a decision. c. The rate of unemployment is a topic of microeconomics. d. The rate of inflation is a topic of macroeconomics. e. "Ceteris paribus" literally translated means, "buyer beware." f. Economic growth is an increase in the total output of an economy. g. Positive economics seeks to understand behavior, but not make judgments. h. Positive economics questions "What ought to be?" Normative economics predicts the consequences of alternative actions, answering the questions "What is?" or "What will be?" i. Points outside a production possibility frontier represent inefficiency. j. Economic growth shifts a society's production possibility frontier away from the origin. k. A society's production possibility frontier is bowed in from the origin due to specialized resources. 1. In economics, the term "investment" refers to the purchase of stocks and bonds

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