In conducting normative analysis,economists apply
A) the principle of comparative advantage.
B) the principle of individual sovereignty.
C) the law of one price.
D) objective value judgments.
Correct Answer:
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Q31: Questions that address the cause-and-effect analysis of
Q32: Which of the following is a positive
Q33: Which of the following top is NOT
Q34: A theory
A) is usually based on a
Q35: In their study of the effect of
Q37: Positive economic questions
A) involve value judgments.
B) address
Q38: Normative economic analysis addresses
A) what ought to
Q39: Questions that involve value judgments are
A) Positive
Q40: A model
A) is a complete representation of
Q41: The competitive market price of a good
A)
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