A positive statement is prescriptive-it prescribes what should be done.
Correct Answer:
Verified
Q18: To an economist, individuals are acting "rationally"
Q19: One topic that microeconomics explores is how
Q20: Economists assume that most individuals act as
Q21: A testable proposition that predicts how people
Q22: Theories and models are explanations of how
Q24: Normative analysis focuses on statements that can
Q25: Which of the following forces us to
Q26: Scarcity exists for those with
A)lower incomes.
B)average incomes.
C)higher
Q27: Most disagreements among economists stem from normative
Q28: A good economic theory, or model, weeds
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents