Multiple Choice
Which term best describes the rules of conduct enacted and enforced by governments?
41
views
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?43views
- Multiple ChoiceWhich of the following best describes what an effective policy specifies in the context of positive and normative analysis?29views
- Multiple ChoiceWhich of the following terms implies the least degree of confidence in an economic generalization?48views
- Multiple ChoiceWhich of the following best describes how natural resources impact economic development?38views
- Multiple ChoiceProperty rights encourage investment in property because:60views
- Multiple ChoiceWhich of the following statements is normative?49views
- Multiple ChoiceWhich of the following statements is NOT consistent with the efficient market hypothesis?37views
- Multiple ChoiceWhich of the following is a normative statement?46views
- Multiple ChoiceWhich of the following best explains why long-run objectives should take precedence over short-run objectives in economic policy analysis?35views
- Multiple ChoiceThe key assumption that accompanies the use of numbers for measuring utility is that:47views
- Multiple ChoiceWhich of the following costs should be ignored when weighing the costs and benefits of an action?41views
- Multiple ChoiceWhich of the following statements best describes positive economics?50views
- Multiple ChoiceAdopting socially responsible business practices is a form of ______.30views
- Multiple ChoiceWhich of the following statements is a valid economic conclusion based on positive analysis?56views