Multiple Choice
Which of the following is a factor in a firm's legal environment?
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0. Basic Principles of Economics
Positive and Normative Analysis
Back0. Basic Principles of Economics
Positive and Normative Analysis
- Multiple ChoiceWhich of the following statements best illustrates a normative analysis regarding the decision to take a job with a high salary and few benefits?41views
- Multiple ChoiceWhich of the following statements is agreed upon by all economists?68views
- Multiple ChoiceWhich of the following is a positive result of trade agreements such as NAFTA and the EU?63views
- Multiple ChoiceWhich of the following is NOT a characteristic of a market economy?79views
- Multiple ChoiceA knowledge problem exists when:47views
- Multiple ChoiceWhy does an increase in literacy rates often accompany an increase in per capita income?60views
- Multiple ChoiceWhich of the following is an example of a normative, as opposed to a positive, statement?65views
- Multiple ChoiceSuppose that for a particular business there are no implicit costs. Then, which of the following statements is true?72views
- Multiple ChoiceWhich of the following could be a reason for the type of market failure known as government failure?58views
- Multiple ChoiceIn the context of positive and normative analysis, the task of top executives in making corrective adjustments includes which of the following?62views
- Multiple ChoiceWhy might Congress choose to delegate authority to bureaucrats?74views
- Multiple ChoiceWhich of the following statements about a company is an example of normative analysis?63views
- Multiple ChoiceWhich type of analysis focuses on effects that result from the basic economic structure of an entire field?50views
- Multiple ChoiceAccording to free-market economist Milton Friedman, which statement best reflects the distinction between positive and normative analysis in economics?59views