Positive economics is concerned with justifying a particular distribution of income.
Answer the following statement true (T) or false (F)
False
Positive economics is interested in what is, not what should be. Fairness is a normative judgment.
Economics
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Any change in demand from ________ will also change aggregate demand
A) firms B) households C) the foreign sector D) all of the above
Economics
Evaluate the following statement. "I used my own money, my own land and my own equipment to start my business. Therefore I don't have any costs associated with running my business"
What will be an ideal response?
Economics