In all cases,positive economics deals with
A) what is.
B) what should be.
C) relatively small units in the economy.
D) aggregates or the entire economy.
Correct Answer:
Verified
Q47: The condition in an economy that makes
Q48: Opportunity cost is the value of _
Q49: The need to make choices is most
Q50: In all cases,normative economics deals with
A) what
Q51: Positive economics is concerned with
A) value judgments.
B)
Q53: Which of the following is a positive
Q54: Scarcity means
A) wants are greater than the
Q55: Which of the following is a microeconomics
Q56: Economists believe that people's wants are
A) finite.
B)
Q57: Normative economics is concerned with
A) value judgments.
B)
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