Normative economics is
A) the prescriptive part of economics.
B) the branch of economics that describes and objectively explains economic phenomena.
C) the scientific branch of economics.
D) used to shed light on positive debates.
E) both A and D
Correct Answer:
Verified
Q10: When wages increase,the scale effect implies employment
Q11: Suppose the labor supply curve shifts upward.Which
Q12: An endogenous variable
A) is the independent variable
Q13: Suppose the labor demand curve shifts downward.Which
Q14: An economic model examines how a(n)affects a(n).
A)
Q16: What is the equilibrium wage?
A) 1
B) 2
C)
Q17: Which of the following is an exogenous
Q18: Which of the following is not a
Q19: If the price of capital decreases,the labor
Q20: A mathematical model
A) contains only exogenous variables.
B)
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