Which of the following is a positive economic statement?
A) Economic considerations are less important than ethical issues in deciding national policy.
B) No individual should have to live in poverty.
C) The rate of unemployment of young people exceeds that of older workers.
D) Unemployment is a more serious problem than inflation.
Correct Answer:
Verified
Q97: Ceteris paribus means
A)making all the necessary changes.
B)let
Q98: One reason why economists use models in
Q99: The term ceteris paribus means
A)all other things
Q100: A simplified representation of the real world
Q101: Which of the following is a normative
Q103: Positive economic analysis is said to be
A)true.
B)value
Q104: Economics is an empirical science because
A)economic analysis
Q105: If competing models are offered to explain
Q106: Successful models in any science must
A)be able
Q107: Economic models deal with
A)people's behaviour in responding
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