________ analysis by economists refers to the attempt to answer questions such as what are the effects of a tax on production and consumption decisions.
A)Positive
B)Negative
C)Normative
D)Investigative

Question

Quizplus · Accepted Answer

Positive analysis is concerned with describing what is and predicting the consequences of certain economic policies or events. This includes the effects of a tax on production and consumption decisions. Negative analysis does not exist as a term in economics. Normative analysis, on the other hand, is concerned with making value judgments about what ought to be done, rather than describing what is. Investigative is not a recognized term in economics analysis.

________ Analysis by Economists Refers to the Attempt to Answer