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Please answer the questions in a Word document, maximum 2 pages (include answer only) and submit it on Moodle. APA style is preferred.

1) What the difference between a price ceiling and a price floor? Please elaborate in details.

2) Compare between physical capital and human capital? Please provide details and examples.

Physical Capital:

The stock of tools that include machines, structures, and equipment.

Human Capital:

The productive knowledge and skills that workers acquire through education, training, and experience.