An economic hypothesis:
a. can be tested using empirical analysis
b. can be tested using normative analysis.
c. cannot be tested since it is normative in nature.
d. cannot be tested since it is a positive economic statement.
a
Economics
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Reduction in the quality of agricultural land through overuse is called
a. degradation b. deforestation c. desertification d. defenestration. e. none of the above
Economics
The situation where one person's demand for a good depends on the consumption of the good by others is called a
A) network externality. B) network internality. C) consumption externality. D) production externality.
Economics