The statement, "Gambling is legal in Nevada" is an example of:
A) positive Economics
B) normative Economics
C) prescriptive Economics
D) microeconomics
Correct Answer:
Verified
Q27: Economics exists because of:
A) markets
B) resources
C) production
D)
Q28: Economics:
A) helps us make business, career, and
Q29: In a command economy, resources are allocated
Q30: The massive consolidation of farms in the
Q31: Microeconomics concerns:
A) the decisions of individual firms
Q33: Scarcity is the fundamental concept of economics
Q34: Suppose that the demand for hamburgers in
Q35: The term, ceteris paribus, in economics means:
A)
Q36: The payment to land is:
A) rent
B) profit
C)
Q37: The US is an example of:
A) a
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