Positive economics is an approach that:
A) requires the economists to be as subjective as possible.
B) makes research feel positive about the future
C) requires the economist to be as objective as possible.
D) is concerned with value judgments.
Correct Answer:
Verified
Q46: The circular flow of economic activity reflects
Q47: Locational models cannot be used to explain:
A)the
Q48: In economics, self interest is a:
A)positive assumption.
B)normative
Q49: Competition is:
A)the consequence of "more is better."
B)utterly
Q50: A market demand curve tells us how
Q52: Constructing an economic model requires all of
Q53: Institutions are all of the following except:
A)informal
Q54: Institutions exclude:
A)ministry of industry.
B)social customs.
C)the common law.
D)religious
Q55: Cost- benefit analysis:
A)makes sure that the government
Q56: The statement "I will either pass or
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