Which of the following is an example of a positive statement?
A) It is too hot to go jogging.
B) Ceteris paribus, a teacher should award a higher grade if you study more hours for an economics test.
C) When the price of an item increases, people respond by reducing their consumption of the item.
D) The government should balance the budget.
Correct Answer:
Verified
Q276: Which of the following statements is a
Q277: Positive economic analysis is said to be
A)
Q278: Positive statements contain mostly
A) opinions and conditions.
B)
Q279: Suppose a survey is taken concerning car
Q280: "The government should eliminate income inequality" is
Q282: Normative economic analysis involves
A) true statements of
Q283: Normative economics is
A) analysis involving value judgments
Q284: Normative economic analysis involves
A) positive analysis.
B) value
Q285: Which of the following is an example
Q286: Which of the following statements is an
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