Positive economics is:
A) an equity-based approach in which income should be redistributed.
B) an objective approach without a particular goal based on underlying values.
C) a goal-oriented approach based on desired policy outcomes.
D) a belief that governments can implement economic policies for the greater good of society.
Correct Answer:
Verified
Q16: Efficiency is attained when resources are used
Q17: If it is not possible to make
Q18: Points lying below a utility possibility curve
Q19: Efficient outcomes are often viewed as inequitable.
Q20: The normative approach to public finance prescribes
Q22: If efficiency has been attained,
A)it will be
Q23: Points on a utility possibility curve represent:
A)a
Q24: Pareto efficiency between two consumers is achieved:
A)only
Q25: If the marginal social benefit of a
Q26: If the efficient output of a good
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