which of the following represents positive economics? course hero

What are the best economics textbooks to read?

 · a) Economics is a natural science. b) In large measure, economics is the study of how people make choices. c) If poverty was eliminated there would be no reason to study economics. d) Economic analysis can be used to explain how …

What is the study of Economics?

 · 7. Economic resources are the natural, human, and manufactured inputs used to produce goods and services. 7b. Economists classify resources as labor, land, real capital, and entrepreneurs. 7c. Because economic resources are used to produce goods and services, they are called factors of production or inputs. factors of production or inputs. 8.

What is positive and normative economics?

Which of the following represents a positive economic statement: The unemployment rate is 4.8 percent... Business Economics. This question was created from CHAP 1 MACRO.docx. Comments (0) Answer & Explanation ... Course Hero is …

How much does Econ Ch 1 cost?

 · An increase in investment will lead to a higher rate of economic growth . d. Economics is twice as interesting to study as philosophy . 134 . Which of the following is a positive economic statement ? *. a . Raising the federal minimum wage to $ 6.50 per hour will cause the rate of unemployment to increase . b.

What is normative economics?

Normative economics. Judgments about "what ought to be" in economic matters. Can't be proven false, based on judgments. Ceteris paribus. Latin term - means other things constant, used when effect of one change - being described, recognizing that if other things changed, this could affect the result. Fallacy of composition.

What is macro ch 5?

Macro Ch. 5: Inflation and the Price Level