When we make resource allocation recommendations based upon personal value judgments this is:
A) normative economics.
B) positive economics.
C) microeconomics.
D) macroeconomics.
Correct Answer:
Verified
Q47: Normative economics reflect:
A) society's laws.
B) economic analysis
Q48: All of the following statements are false
Q49: Normative economics:
A) makes explanations based upon economic
Q50: The propositions that emerge from positive economics
Q51: On October 20, 1987, some financial newspapers
Q53: All of the following, except one, are
Q54: "The Canadian Government ought to increase the
Q55: Microeconomics best describes the study of the:
A)
Q56: Macroeconomics differs from microeconomics in that:
A) the
Q57: Microeconomics studies all of the following except:
A)
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