this is question with multiple choice. It will be on file please

Question 18 Which of the following goods would have the most inelastic demand? O big screen TVs bread O luxury cars O ski vacations Question 19 If a freeze destroys oranges before they are harvested, but the demand for oranges remains stable or unchanged, the equilibrium price of an orange_ - and the equilibrium quantity _ O decreases: decreases O decreases; rises O rises: rises O rises: decreases Question 20 Public choice analysis indicates that politicians will find O budget deficits more attractive then budget surpluses. O tax increases mo vernment spending. O budget deficits attractive during an economic boom, but surpluses attractive during a recession. O budget surpluses more attractive than budget deficits. Question 21 In which market structure would there be a unique product for which there are no close substitutes? O Pure or perfect competition O Monopolistic competition O Oligopoly Pure monopoly Question 22 Economics is a social science that studies O how choices made in the social interest could eliminate scarcity O whether an O the psychology of individuals and businesses how people make choices in a world of scarcity Question 23 Table 1 Pogo Fred Barney |Sticks 24 Unicycles 8 or making unicycles. Table 1 hows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks Refer to Table 1. Which of the following statements is true? O Fred has a comparative advantage in making both products ney has = comparative advantage in making pogo sticks and Fred in making unicycles. O Barn oth products. king unicycles and Fred in making pogo sticks