The absence of value judgments is the essence of
A) normative economics.
B) positive economics.
C) microeconomics.
D) macroeconomics.
B
Economics
You might also like to view...
Discuss the BRAC model and evaluate its performance in achieving the goals of economic development? Can this model be replicated in other countries?
What will be an ideal response?
Economics
The GDP deflator represents a somewhat ____ measure of prices that the CPI and the GDP deflator tends to be ____ volatile than the CPI
a. broader; more b. broader; less c. narrower; more d. narrower; less
Economics