A statement describing how the world is now
A) is a normative statement.
B) is a positive statement.
C) would only be made by an economist speaking as a policy adviser.
D) would only be made by an economist employed by the government.
Correct Answer:
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Q24: Because economics is a science which is
Q25: Models are also inherently unstable when they
Q27: If two variables tend to increase and
Q27: Normative conclusions
A)come from positive analysis alone.
B)are based
Q29: Which of the following is an example
Q31: Which of the following is an example
Q32: The distinction between positive and normative economics
A)
Q33: "An increase in interest rates will lower
Q44: In building economic models,economists often omit
A)assumptions.
B)theories.
C)details.
D)equations.
Q264: Which of the following is an example
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