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?14views
- Multiple ChoiceWhich of the following statements is agreed upon by all economists?37views
- Multiple ChoiceWhich of the following is a positive result of trade agreements such as NAFTA and the EU?35views
- Multiple ChoiceWhich of the following is NOT a characteristic of a market economy?43views
- Multiple ChoiceA knowledge problem exists when:22views
- Multiple ChoiceWhy does an increase in literacy rates often accompany an increase in per capita income?27views
- Multiple ChoiceWhich of the following is an example of a normative, as opposed to a positive, statement?38views
- Multiple ChoiceSuppose that for a particular business there are no implicit costs. Then, which of the following statements is true?42views
- Multiple ChoiceWhich of the following could be a reason for the type of market failure known as government failure?29views
- Multiple ChoiceIn the context of positive and normative analysis, the task of top executives in making corrective adjustments includes which of the following?36views
- Multiple ChoiceWhy might Congress choose to delegate authority to bureaucrats?40views
- Multiple ChoiceWhich of the following statements about a company is an example of normative analysis?33views
- Multiple ChoiceWhich type of analysis focuses on effects that result from the basic economic structure of an entire field?25views
- Multiple ChoiceAccording to free-market economist Milton Friedman, which statement best reflects the distinction between positive and normative analysis in economics?32views