Normative economics deals with _________ and positive economics deals with _________.
A) "what should be" topics or issues; "what is" topics or issues
B) abstractions of reality; reality
C) microeconomics; macroeconomics
D) negative economic outcomes; positive economic outcomes
E) changing economic conditions; unchanging economic conditions
Correct Answer:
Verified
Q88: Microeconomics deals with the analysis of all
Q89: Normative economics concerns
A) analysis of social and
Q90: Which of the following is an example
Q91: Suppose an economist advises the government to
Q92: Suppose an economist uses an econometric model
Q94: Modern statistical methods have created a new
Q95: Consumer sovereignty is the freedom to
A) start
Q96: Without which of the following would there
Q97: Without scarcity, people would not have to
A)
Q98: Which of the following resources are nonrenewable?
A)
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