Multiple Choice
Which term best describes the rules of conduct enacted and enforced by governments?
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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 is an example of positive analysis?32views
- Multiple ChoiceWhich of the following best describes what an effective policy specifies in the context of positive and normative analysis?17views
- Multiple ChoiceWhich of the following terms implies the least degree of confidence in an economic generalization?36views
- Multiple ChoiceWhich of the following best describes how natural resources impact economic development?30views
- Multiple ChoiceProperty rights encourage investment in property because:49views
- Multiple ChoiceWhich of the following statements is normative?37views
- Multiple ChoiceWhich of the following statements is NOT consistent with the efficient market hypothesis?21views
- Multiple ChoiceWhich of the following is a normative statement?32views
- Multiple ChoiceWhich of the following best explains why long-run objectives should take precedence over short-run objectives in economic policy analysis?24views
- Multiple ChoiceThe key assumption that accompanies the use of numbers for measuring utility is that:37views
- Multiple ChoiceWhich of the following costs should be ignored when weighing the costs and benefits of an action?28views
- Multiple ChoiceWhich of the following statements best describes positive economics?36views
- Multiple ChoiceAdopting socially responsible business practices is a form of ______.21views
- Multiple ChoiceWhich of the following statements is a valid economic conclusion based on positive analysis?42views