what is the opportunity cost of providing free health care to all members of society.explain and justify your answer.2 explain in economics terms, why a production possibility curve is bowed outward. 3. if a market system is based on consumer sovereignty then how can business decide what is to be produce? how can you reconcile this view?4.even though there exists organ donation banks for life-saving organs there still exists and acute shortage of organs for transplant. some people gave argyed for the development of a market for these organs to eliminate the shortage. set aside your ethical concerns for a moment and connsider this from a purely economic view. is this a good idea?.5 who loses and who gians during period of inflation.6wt is d difference between a government deficit and its debt? how are they related?. 7.if you were a memberof the federal reserve board, would you increase or decrease each of the following if you wanted to excerise expansioinary policies:a bank reserve requirement.b the discount rate c open market operations. 8. what is the simplest( but not necessarily the least painful) wat ti combat inflation?9.is expansionary or contractionary fiscal policy approprite to combat a recessuib? explain in detail.10.why do most economist favor free trade? explain.