Normative statements are statements about
A) quantities.
B) what ought to be.
C) what is.
D) prices.
Correct Answer:
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Q1: Which of the following is a microeconomic
Q2: In economics, positive statements are about
A)microeconomics, not
Q4: Which of the following are considered factors
Q6: An economic model is
A)a description of some
Q7: Which of the following questions is NOT
Q8: You have the choice of going on
Q9: The vertical axis in a graph
A)is named
Q10: Suppose we are considering the relationship between
Q11: Which of the following is an example
Q379: If an increase in x (the variable
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