Positive economics:
A) makes recommendations designed to achieve certain goals.
B) establishes cause-and-effect relationships between economic variables.
C) is based on value judgments.
D) can never be used to make predictions.
Correct Answer:
Verified
Q9: Positive economic analysis is based on underlying
Q10: It is possible for efficiency not to
Q11: "The government should abolish tariffs to achieve
Q12: A government-subsidized price for a commodity that
Q13: Government regulations that require airlines to serve
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
Q19: Efficient outcomes are often viewed as inequitable.
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