"Inflation is currently 2 percent in the United States." This statement is an example of
A) a positive statement.
B) a normative statement.
C) the fallacy of composition.
D) macroeconomics.
E) microeconomics.
Correct Answer:
Verified
Q74: A newspaper editorial explaining what should be
Q75: Economics
A)can only be used objectively.
B)cannot be practiced
Q76: Karl Marx argued that capitalism would eventually
Q77: A mixed system is an economy with
Q78: Positive economics is the
A)study of the desirable
Q80: Whether a nation should have more or
Q81: Considering the role government plays, what term
Q82: Explain how the distinction between positive and
Q83: Because economists have varying moral beliefs and
Q84: Economic analysis
A)requires few verbal skills.
B)requires both quantitative
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents