Which of the following is the best example of a positive question?
A) How should the government deal with the next recession?
B) Should the government reduce inflation?
C) How are price and quantity demanded related?
D) Should government allow two large companies to merge?
Correct Answer:
Verified
Q101: Value judgments in economics:
A) are necessary when
Q102: "We should support the market because it
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"
Q107: "The distribution of income should be left
Q108: Normative economics seeks to:
A) determine the most
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
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