"Inflation is currently 4 percent in the United States." This statement is an example of
A) a positive statement.
B) a normative statement.
C) the fallacy of composition.
D) macroeconomics.
E) microeconomics.
Correct Answer:
Verified
Q61: To argue that economics is a partisan
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Q69: All microeconomic issues are normative in nature.
Q72: To argue that economics is the only
Q75: Which of the following is a normative
Q75: Economics
A)can only be used objectively.
B)cannot be practiced
Q76: Karl Marx argued that capitalism would eventually
Q77: A mixed system is an economy with
Q78: Positive economics is the
A)study of the desirable
Q96: Economics is a study that
A)is never relevant
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