Positive economics deals with
A) value judgments
B) how the economy does work
C) how the economy should work
D) how the federal government should operate
E) what the price level should be
Correct Answer:
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Q56: Microeconomics deals with which of the following?
A)
Q57: Microeconomics analyzes individual parts of the economy
Q58: Microeconomics
A) addresses scarcity from a global perspective
B)
Q59: The study of how consumers and producers
Q60: The study of how firms interact in
Q62: The price that a firm's only competitor
Q63: When economists disagree about whether legislation is
Q64: Suppose two economists agree about who would
Q65: If the president of Chile commented that
Q66: The unemployment rate for the economy as
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