A positive statement is concerned primarily with
A) some goal that is desirable to society.
B) what should be.
C) what is.
D) the formulation of economic policy.
Correct Answer:
Verified
Q53: Scarcity
A) persists only because countries have failed
Q54: The economizing problem is
A) the need to
Q55: The issues of inflation, unemployment, and business
Q56: Normative statements are concerned primarily with
A) facts
Q57: The economizing problem is one of deciding
Q59: A normative statement is one that
A) is
Q60: Macroeconomics approaches the study of economics from
Q61: Which of the following is a labor
Q62: Which of the following is a capital
Q63: Suppose that Julia receives a $20 gift
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