Positive statements are ?

Related Mcqs:

Economic models are ?

A. Usually made of wood and plastic B. built with assumptions. C. useless if they are simple. D. created to duplicate reality....

In which of the following cases is the assumption most reasonable ?

A. To address the impact to taxes on income distribution an economist assumes that everyone earns the same income. B. To address the impact of money growth on inflation, an economist assumes that money is strictly coins. C. To model the benefits of trade. an economist assumes that there are two people and two goods … In which of the following cases is the assumption most reasonable ?Read More...

Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?

A. really don’t disagree at all It just appears that they disagree. B. disagree because they have different values. C. none of these answers. D. disagree because they have different scientific judgments....

Which of the following will not shift a country’s production possibilities frontier outward ?

A. an advance in technology B. an increase in the labor force C. an increase in the capital stock D. a reduction in unemployment...

Which of the following statements is normative ?

A. Large government deficits cause an economy to grow more slowly B. People work harder if the wage is higher C. The unemployment rate should be lower D. Printing too much money causes inflation...