What is the difference between positive analysis and normative analysis?
What will be an ideal response?
Positive analysis is concerned with what is, and normative analysis is concerned with what ought to be.
Economics
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The current exchange rate system is effectively a dirty float system
a. True b. False Indicate whether the statement is true or false
Economics
In the long run,
a. monopolies never earn economic profit b. economic profits and losses determine entry and exit into monopoly markets c. monopolies may earn economic profit d. competition always destroys monopoly e. government always regulates monopoly
Economics