"If the United States enters a war with Canada, U.S. export prices will go up." This statement is an example of
A) a positive statement.
B) an irrational statement.
C) a normative statement.
D) a realistic statement.
Correct Answer:
Verified
Q257: Which of the following statements about economic
Q258: A common approach that economists use to
Q259: Economic models are used to
A) simplify reality
Q260: Why do economists test their hypotheses?
A) to
Q261: What does it mean to say economics
Q263: Which of the following is an example
Q264: According to behaviorial economists, traditional economic models
Q265: Which of the following statements is a
Q266: Normative economics involves
A) a statement of fact.
B)
Q267: Which of the following is a positive
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