Questions

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The disease that has been eradicated from the world is small pox. Smallpox was an infectious disease caused by one of two virus variants, Variola major and Variola minor. The last naturally occurring case was diagnosed in October 1977 and the World Health Organization (WHO) certified the global eradication of the disease in 1980.

Although demand curves are typically downward sloping to reflect that consumers’ utility for a good diminishes with increased consumption, firm supply curves are generally upward sloping.The upward sloping character reflects that firms will be willing to increase production in response to a higher market price because the higher price may make additional production profitable.

The trick here is to follow the structure of the statement. The blank is followed by 'of' and thus the blank will take a filler that can be followed grammatically by 'of' and also manages to give a proper meaning. On the basis of these filters, none of the options except option 2 makes any sense.