Positive economic analysis
A) Involves value judgments
B) Concerns what ought to happen
C) Addresses factual issues
D) Is subjective
Correct Answer:
Verified
Q22: In conducting positive economic analysis,economists apply
A) Subjective
Q23: In their study of the effect of
Q24: Questions that address what did,will or would
Q25: A possible explanation for a natural phenomenon
Q26: Normative economic analysis addresses
A) What ought to
Q28: Which of the following best represents the
Q29: Positive economic questions
A) Involve value judgments
B) Address
Q30: In conducting normative analysis,economists apply
A) The principle
Q31: The scientific method is most consistent with
A)
Q32: A model
A) Is a complete representation of
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