Multiple Choice
Which of the following refers to a general belief about the role and purpose of government?
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0. Basic Principles of Economics
Positive and Normative Analysis
Back0. Basic Principles of Economics
Positive and Normative Analysis
- Multiple ChoiceIn the context of positive and normative analysis, what does the term 'money neutrality' mean?22views
- Multiple ChoiceWhich type of economic analysis is most closely associated with the statement: 'Broad government intervention works to achieve equal results and to maintain an ordered liberty'?26views
- Multiple ChoiceAn extreme result of free-market capitalism without government regulation is referred to as:29views
- Multiple ChoiceWhich of the following best describes two major virtues of the market system?34views
- Multiple ChoiceWhich of the following statements is an example of a normative statement?21views
- Multiple ChoiceWhich of the following is an example of a normative, as opposed to a positive, statement?35views
- Multiple ChoiceWhich of the following best describes the purpose served by economic models within an economic system?45views
- Multiple ChoiceWhich of the following is NOT true of the specialization of labor?21views
- Multiple ChoiceWhich of the following is an example of disaggregating an economic problem using positive and normative analysis?22views
- Multiple ChoiceWhich of the following best explains when a country's level of economic development might mislead an international investor?39views
- Multiple ChoiceWhich of the following best describes the primary goal of mercantilism after the 1600s?27views
- Multiple ChoiceAn important part of a cost-benefit analysis is identifying:48views
- Multiple ChoiceWhich of the following best describes the difference between positive and normative analysis in economics?26views
- Multiple ChoiceWhich of the following scenarios best illustrates the difference between positive and normative analysis in economics?39views