Positive economics
A. does not depend on market interactions.
B. only looks at the best parts of the economy.
C. examines how the economy actually works (as opposed to how it should work).
D. is very subjective.
C. examines how the economy actually works (as opposed to how it should work).
Economics
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The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for tea after severe weather destroys a large portion of the coffee crop?
A) Graph A B) Graph B C) Graph C D) Graph D
Economics
There are no gainers from discrimination
Indicate whether the statement is true or false
Economics