Economics is concerned with using scarce productive resources efficiently in attempting to satisfy society's material wants.This statement is:
A) positive, but incorrect.
B) positive and correct.
C) normative, but incorrect.
D) normative and correct.
Correct Answer:
Verified
Q58: At fast-food restaurants:
A)consumers enjoy complete and accurate
Q59: The "economic perspective" entails:
A)rational behaviour by individuals
Q60: An economic model is:
A)a value judgment.
B)a fact.
C)built
Q61: Which of the following statements pertains to
Q62: Which of the following is a macroeconomic
Q64: Which of the following is associated with
Q65: Which of the following is a microeconomic
Q66: A normative statement is one which:
A)is based
Q67: Microeconomics is concerned with:
A)the aggregate or total
Q68: Which of the following is a normative
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