All questions have been submitted in the attached PDF file.

Question1.
a.
b.
c.
Question2.
a.
b.
c.
Fair allocation
d,
e.
f.
Question 3
a.
b.
Question 4.
Pareto optimality is when an economy's resources and goods are assigned to the highest level of productivity; no adjustment can be made without making someone worse off.
a . True. Having...