Positive economics is concerned with
A) value judgments.
B) cause-effect relationships.
C) observations that cannot be proved.
D) both b and c
B
You might also like to view...
Economists believe that individuals:
A. have varying tastes for taking on financial risks, but are risk-averse in general. B. have the same tastes for taking on financial risks, and are risk-averse in general. C. have varying tastes for taking on financial risks, but are risk-seekers in general. D. have the same tastes for taking on financial risks, and are risk-seekers in general.
The purchase of a virtual item from an online company with a virtual currency causes the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to remain the same.
Growth in potential GDP in the United States from 1949 to 2017 was estimated to be about
A) 8.25% per year. B) 5.0% per year. C) 3.2% per year. D) 1.5% per year.
Firms that offer to pay for college tuition for their employees are investing in ________ capital.
A. tangible B. social C. productive D. human