When a country exports something to the rest of the world, domestic consumers ________ because the greater the ________ in price and ________ in quantity bought, the greater is the consumers' loss

A firm deciding to hire a secretary, bases its decision on how well the candidate is trained on certain software. This practice addresses:

a. Adverse selection b. Moral hazard c. Forced bankruptcy d. None of the above

Positive economics

a. postulates relationships among economic variables that are potentially refutable by real-world events. b. is strictly quantitative and is, therefore, of little value to policy makers. c. will usually indicate which economic policy is best. d. is the same as normative economics.