Positive economics is a(n):
a. reflection of a country's values.
b. judgment of the correctness of an economic outcome.
c. statement of fact.
d. analysis of what ought to be.
e. analysis of all the good market outcomes.
c
Economics
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Which fundamental economic question requires society to choose the technological and resource mix used to produce goods?
a. The What to Produce question. b. The Why to Produce question. c. The How to Produce question. d. The For Whom to Produce question.
Economics
If banks demand currency (e.g., Federal Reserve Notes) from the central bank, the effect is to:
a. Increase the nation's monetary base. b. Decrease the nation's monetary base. c. Leave the monetary base unchanged. d. Increase the liabilities of the central bank. e. None of the above is true.
Economics