Question11Philosophers draw a distinction between positive statements, which describe the world as i

Question11Philosophers draw a distinction between positive statements, which describe the world as it is, and ___________________s, which describe how the world should be.normative statementbudget constrainttrade-offopportunity costQuestion12Philosophers draw a distinction between ___________________,which describe the world as it is, and normative statements, which describe howthe world should be.negative statementspositive statementstradeoffsutilitarianismQuestion13A student has only a few hours to prepare for two differentexams tomorrow morning. The table below shows alternative possible examoutcomes with three alternative uses of the student’s time. The opportunitycost of scoring an 84 on the history exam rather than 76 is:(*****THERE IS A CHART ATTACHED TO THIS QUESTION LOCATED IN ATTACHMENT!****)10 points on the economics exam8 points on the history exam7 points on the economics exam12 points on the economics examQuestion14The opportunity cost of attending university is likely toinclude all except which of the following?the cost of haircuts received during the school termthe income you forgo in order to attend classestuition feesthe cost of required textbooksQuestion15Amanda likes to eat apples and bananas with her lunch betweenclasses. She also keeps a close eye on her spending each week since she is incollege and cannot afford the time to work too much. She has budgeted a certainamount of money each week for apples and bananas. If she spends all of thisbudget on apples, she can purchase 5 apples. If she spends all of the budget onbananas, she can afford 11 bananas. What is Amanda’s opportunity cost of anapple? Round your answer to the nearest tenth (one number to the right of thedecimal, for example: 1.4).Question16Amanda likes to eat apples and bananas with her lunch betweenclasses. She also keeps a close eye on her spending each week since she is incollege and cannot afford the time to work too much. She has budgeted a certainamount of money each week for apples and bananas. If she spends all of thisbudget on apples, she can purchase 7 apples. If she spends all of the budget onbananas, she can afford 11 bananas. What is Amanda’s opportunity cost of abanana? Round your answer to the nearest tenth (one number to the right of thedecimal, for example: 1.4).Question17Dylan enjoys ramen noodles and music downloads. His monthlybudget for these two items is 20 dollars. If the price of a package of ramennoodles is $1.06 and the price of a music download is $1.55, how many packagesof ramen noodles can he afford each month if he purchases no music downloads?(Round your answer to the nearest tenth. For example: 1.4).Question18Dylan enjoys ramen noodles and music downloads. His monthlybudget for these two items is 14 dollars. If the price of a package of ramennoodles is $1.14 and the price of a music download is $1.31, how many musicdownloads can he afford each month if he purchases no ramen noodles? (Roundyour answer to the nearest tenth. For example: 1.4).Question19Dylan enjoys ramen noodles and music downloads. His monthlybudget for these two items is 13 dollars. If the price of a package of ramennoodles is $0.67 and the price of a music download is $0.94, what is Dylan’sopportunity cost of a music download? (Round your answer to the nearest tenth.For example: 1.4).Question20Suppose your job pays $18.59 per hour. Your boss has beenimpressed with your productivity on the job and offers you a $4.13 per hourraise. What is the percentage change (or growth rate) of your wage? (Round youranswer to 2 decimal places, for example: 9.56)