Questions that address what did,will or would actually happen are called ________ questions.
A) Normative
B) Positive
C) Efficiency
D) Equity
Correct Answer:
Verified
Q19: In a _ economy,the allocation of resources
Q20: Trade can occur only if property rights
Q22: In conducting positive economic analysis,economists apply
A) Subjective
Q23: In their study of the effect of
Q25: A possible explanation for a natural phenomenon
Q26: Normative economic analysis addresses
A) What ought to
Q27: Positive economic analysis
A) Involves value judgments
B) Concerns
Q28: Which of the following best represents the
Q29: Positive economic questions
A) Involve value judgments
B) Address
Q32: Which of the following is a positive
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