A positive economic statement is:
A) an opinion of an action that should be taken.
B) an action that will have no effect on the economy.
C) a statement testable by facts.
D) a claim that the speaker has no idea.
Correct Answer:
Verified
Q50: An economic model:
A) cannot be rejected.
B) cannot
Q51: Normative statements:
A) can always be tested.
B) are
Q52: Positive economics is a/an:
A) reflection of individual
Q53: To abstract from reality in an economic
Q54: An economic model is:
A) focused on all
Q56: The Minister for Employment states that wage
Q59: An economist builds a model to:
A) define
Q60: A model (or theory):
A) is a statement
Q64: A model is defined as a:
A) description
Q113: Which of the following is a statement
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