"The distribution of income should be left to the market" is an example of:
A) positive economics.
B) normative economics.
C) the art of economics.
D) negative economics.
Correct Answer:
Verified
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"
Q106: Which of the following is the best
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
Q112: The art of economics is:
A) the application
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