"The current trade deficit of $350 billion is too high" is _____ analysis.
A) normative
B) ceteris paribus
C) positive
D) marginal
Correct Answer:
Verified
Q144: Saying that an unemployment rate of 8%
Q145: Which statement makes use of normative analysis?
A)The
Q146: Which statement makes use of positive analysis?
A)The
Q147: Which statement makes use of normative analysis?
A)The
Q148: Which statement makes use of normative analysis?
A)The
Q150: "The current trade deficit is $350 billion."
Q151: Which statement makes use of positive analysis?
A)Rent-controlled
Q152: Which statement is normative?
A)Scientists should not make
Q153: Positive analysis is about:
A)what is.
B)the normalizing assumptions
Q154: Positive analysis in economics:
A)makes prescriptions about how
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