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Support your submission with course material concepts, principles, and theories from the textbook, along with at least two scholarly, peer-reviewed journal articles
The book: Economics by O’Sullivan,_Arthur__Perez,_Stephen (9th)
Q.2 Critically assess the view that an understanding of the principles of ‘scientific’ decision-making is fundamental to the success of a modern economy.
Q3. If consumers expect the price of some good to rise next week, then we generally observe the price of the good rising this week. Explain this fact using a graph with proper labelling
Q4. ‘Opportunity cost is both subjective and speculative. As such the concept of opportunity cost has no place in the scientific decision making process.’ Discuss.
Q5. Would a research study on the effects of playing online games on children’s cognitive development be considered a positive or normative statement?

