What relates positive economics to normative economics?
A. The science of economics
B. The art of economics
C. Macroeconomics
D. Microeconomics
Answer: B
Economics
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Aggregate expenditure includes spending on
A) C + I + G - NX. B) C + I + depreciation - NX. C) C + I + G. D) C + I + G + NX.
Economics
Assume firm X is one of the three largest firms in an oligopolistic industry. Firm X is currently considering a vertical merger with another firm that is the sole supplier of an input used by all of the firms that compete with firm X
If the merger goes through, firm X would be able to operate much like: A) a perfectly competitive firm. B) a monopolistically competitive firm. C) an oligopolist. D) a monopolist.
Economics