0. Basic Principles of Economics

Which of the following is an example of positive analysis in economics?

Insurance companies determine risk exposure by which of the following methods?

Which of the following is a positive economic statement?

Under the Commerce Clause, what authority does the federal government have?

Which of the following is one of the assumptions of the prevailing rational-world paradigm?

Which of the following is NOT a characteristic of a good economic model?

Which of the following is NOT one of the four standard assumptions about utility maximization in microeconomics?

Which of the following is a drawback of Porter's Five Forces model?

Which of the following best describes a difference between positive analysis and normative analysis in economics?

Which of the following best explains how the Patient Protection and Affordable Care Act (PPACA) might conflict with traditional U.S. values of individualism and personal responsibility?

Which of the following is a positive incentive for domestic producers?

Which of the following is most likely to occur in a market economy without a strong legal system?

According to some economists, which of the following is considered a positive effect of mild inflation?

Which of the following is true of an economic model?

Suppose a government increases the minimum wage. Which is the most reasonable prediction from a positive analysis perspective?