Positive economics questions "What ought to be?" while normative economics predicts the consequences of alternative actions,answering the questions "What is?" or "What will be?"
Correct Answer:
Verified
Q31: Which of the following is a question
Q32: Talking about alternatives is the first step
Q33: Which of the following is a question
Q34: When economists construct economic models,
A) all but
Q35: Which of the following is NOT an
Q37: Most modern economic analysis is positive in
Q38: Deciding how products of a society are
Q39: Deciding if a college uses more PhDs
Q40: Which of the following is NOT a
Q41: Is money a scarce factor of production?
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents