Q14: Positive economics:
A)makes recommendations designed to achieve certain
Q15: If the marginal social cost of beer
Q16: Efficiency is attained when resources are used
Q17: If it is not possible to make
Q18: Points lying below a utility possibility curve
Q20: The normative approach to public finance prescribes
Q21: Positive economics is:
A)an equity-based approach in which
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
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