Average fixed cost is measured by

To encourage economic development a country should do all of the following EXCEPT

A) establish a system of property rights. B) allow creative destruction to run its course. C) limit the amount of imports allowed into the country. D) invest in human capital.

"Ensuring that Social Security is financially sound for future generations is an important use of taxpayer dollars" is an example of a

a. normative economic statement. b. positive economic statement. c. statement made by an economist working as a scientist. d. judgment based on evaluation of evidence, not values.