Giving reasons, state the following are true or false / Answer the following in a sentence or two: 1. Economic problem arises due to plenty of resources
2. Study of an automobile industry is a subject matter of microeconomics
3. Growth of resources shifts the PPC to the right 4. Determination of level of Income and Employment is a subject matter of microeconomics 5. What is meant by an economy? 6. Why is the study of the unemployment considered a Macroeconomic study
7. What is meant by scarcity of resources?
8. Give two examples of growth of resources?(2)
9. Can there be an economy without an economic problem?
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