Which of the following statements is true?
A) Positive economics describes what people ought to do.
B) Normative economics describes what people actually do.
C) Positive economics generates objective descriptions that can be verified with data.
D) Normative economics is free from value judgments, tastes, and preferences of economic agents.
C
Economics
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__________________: Occasionally, properties are sold with nonmarket financing. Favorable mortgage financing may allow buyers to pay a somewhat higher purchase price
Fill in the blank(s) with the appropriate word(s).
Economics
In 1910, 8.6 percent of American 17-year olds were high school graduates. By 1938, this figure _____
a. had fallen to 5 percent. b. equaled 15 percent. c. had risen to nearly 50 percent. d. had not changed appreciably.
Economics