The statement that a monopoly raises the price of its product is an example of positive economics
Indicate whether the statement is true or false
T
Economics
You might also like to view...
When the price of a bond rises, the interest rate paid on the bond also rises.
a. true b. false
Economics
"Smokers are more likely to be murdered than nonsmokers." This statement is an example of:
A) the fallacy of unintended consequences. B) a positive economic statement. C) a normative economic statement. D) a value judgment.
Economics