What is the methodology of positive economics
A) models should say what it is optimal for a person to do
B) models should be as realistic as possible
C) models should be judged on their assumptions
D) models should be judged on their ability to predict
Correct Answer:
Verified
Q1: Which of the following is not an
Q2: In the economic analysis of the market
Q3: Suppose that you have complete health insurance
Q4: If the government subsidizes the health insurance
Q5: Which of the following is a reason
Q6: An individual is willing to pay something
Q7: An individual will not choose to acquire
Q8: A market participant who obeys the principles
Q9: The standard economic model assumes people are
A)rational
B)boundedly
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