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?47views
- Multiple ChoiceWhich of the following best describes what an effective policy specifies in the context of positive and normative analysis?35views
- Multiple ChoiceWhich of the following terms implies the least degree of confidence in an economic generalization?55views
- Multiple ChoiceWhich of the following best describes how natural resources impact economic development?43views
- Multiple ChoiceProperty rights encourage investment in property because:68views
- Multiple ChoiceWhich of the following statements is normative?56views
- Multiple ChoiceWhich of the following statements is NOT consistent with the efficient market hypothesis?42views
- Multiple ChoiceWhich of the following is a normative statement?55views
- Multiple ChoiceWhich of the following best explains why long-run objectives should take precedence over short-run objectives in economic policy analysis?42views
- Multiple ChoiceThe key assumption that accompanies the use of numbers for measuring utility is that:54views
- Multiple ChoiceWhich of the following costs should be ignored when weighing the costs and benefits of an action?49views
- Multiple ChoiceWhich of the following statements best describes positive economics?60views
- Multiple ChoiceAdopting socially responsible business practices is a form of ______.35views
- Multiple ChoiceWhich of the following statements is a valid economic conclusion based on positive analysis?63views