Economics seeks to use only positive analysis to
A. provide normative values.
B. explain what is wrong with people.
C. provide a value-free analysis.
D. seek the best answer.
Answer: C
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Even when transactions are facilitated with money, imports are paid for by exports
Indicate whether the statement is true or false
Unemployment insurance and welfare programs work as automatic stabilizers
a. True b. False Indicate whether the statement is true or false
Which of the following economies is an example of a mixed system?
a. The United Kingdom b. Sweden c. The United States d. All of the answers are correct.
Refer to Scenario 1. Which of the following happens when Sheila Jones deposits the proceeds from the sale of her bond to the Fed into her checking account at the Perez Bank?
A) Perez Bank's checkable deposits increases by $100,000 and its reserves increases by $90,000. B) Perez Bank's checkable deposits and reserves increase by $100,000 each. C) Perez Bank's checkable deposits increases by $90,000 and its reserves increases by $100,000. D) Perez Bank's checkable deposits and reserves increase by $90,000 each.