A positive statement is concerned primarily with:
A. some goal that is desirable to society.
B. what should be.
C. what is.
D. the formulation of economic policy.
Answer: C
Economics
You might also like to view...
Nominal income is equal to real income if the CPI is less than 100
Indicate whether the statement is true or false
Economics
How are changes in opportunity cost predicted to affect behavior?
A) The lower the opportunity cost of doing X, the less likely X will be done. B) The higher the opportunity cost of doing X, the less likely X will be done. C) The lower the opportunity cost of doing X, the more likely X will be done. D) a and c E) b and c
Economics