"We should support the market because it is efficient" is an example of:
A) positive economics.
B) normative economics.
C) objective economics.
D) negative economics.
Correct Answer:
Verified
Q97: Who would probably argue that you need
Q98: Microeconomics includes the study of:
A) inflation.
B) unemployment.
C)
Q99: Which of the following is least likely
Q100: Which statement best summarizes the invisible hand
Q101: Value judgments in economics:
A) are necessary when
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
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