Which of the following are TRUE regarding "positive" statements? I. They describe what "ought to be." II. They describe what is believed about how the world appears. III. They can be tested as to their accuracy

A) I and II
B) II and III
C) I and III
D) I, II and III

B

Economics

You might also like to view...

The goal of expansionary fiscal policy is to:

A. increase the money supply. B. cool off the economy. C. reduce interest rates. D. stimulate the economy.

Economics

What factors determine the demand for money in the Baumol-Tobin analysis of transactions demand for money? How does a change in each factor affect the quantity of money demanded?

What will be an ideal response?

Economics