Normative economics seeks to:
A) determine the most appropriate economic goals for a society.
B) determine how government policies affect the economy.
C) objectively explain how the economy functions.
D) objectively explain economic problems such as inflation and unemployment.
Correct Answer:
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Q103: "Government should not use price controls" is
Q104: What relates positive economics to normative economics?
A)
Q105: "Price controls in competitive markets cause shortages"
Q106: Which of the following is the best
Q107: "The distribution of income should be left
Q109: Which of the following tools did Adam
Q110: Maintaining objectivity is easiest in:
A) positive economics.
B)
Q111: Positive economics seeks to:
A) determine the most
Q112: The art of economics is:
A) the application
Q113: Using the impartial spectator tool, one arrives
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