Which is a positive economic statement?
A) Shortages in the kidney trade are a necessary phenomenon.
B) Animal rights activists are to blame for the high prices of real furs.
C) We should encourage the importation of kidneys from the less-developed countries.
D) A government-imposed price of zero for kidneys helps create a black market in kidneys.
Correct Answer:
Verified
Q4: Which is a positive economic statement?
A) Raising
Q5: Which is a normative economic statement?
A) Raising
Q6: Gary Becker, a Nobel Prize-winning economist, argued
Q7: Which statement is an example of positive
Q8: The difference between positive and normative economics
Q10: Which is a positive economic statement?
A) The
Q11: Normative economics is about:
A) verifying and confirming
Q12: Positive economics is:
A) about morals and values.
B)
Q13: Positive economics is about:
A) verifying and confirming
Q14: Which is an example of a normative
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