A positive statement is
A) about what is.
B) the result of a model's normative assumptions.
C) valid only in the context of a model with simple assumptions.
D) about what ought to be.
Correct Answer:
Verified
Q110: Which of the following statements are correct?
I.
Q122: Which factor of production earns rent?
A)Entrepreneurship
B)Money
C)Capital
D)Land
Q124: Suppose that the government of NSW promises
Q125: Q126: The opportunity cost of any action is Q128: The night before a midterm exam, you Q129: Which factor of production earns the most Q130: Jill, an economics student, has already spent
A)the
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