Positive statements:
A) imply value judgments must be made.
B) are factual and can be tested.
C) deal with what ought to be.
D) are dealt with primarily in microeconomics.
Ans: B) are factual and can be tested.
Economics
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Provide a concise statement about the relationship between a developing country's emphasis on the export of traditional commodities and:
(a) export earnings stability; (b) comparative advantage; (c) terms of trade.
Economics
If the dollar depreciates relative to the Peso, it can be said that
What will be an ideal response?
Economics