Answer the following questions true (T) or false (F)
1. "The unemployment rate is too high" is an example of a positive economic statement.
2. Normative analysis is concerned with "what ought to be," while positive analysis is concerned with "what is."
3. Examining the conditions that could lead to a recession in an economy is an example of a macroeconomic topic.
1. FALSE
2. TRUE
3. TRUE
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The primary liabilities of a commercial bank are
A) bonds. B) mortgages. C) deposits. D) commercial paper.
When the price ceiling on eggs is lifted, there is a shortage of eggs in the market
a. True b. False Indicate whether the statement is true or false
Price elasticity of demand
What will be an ideal response?
A green pasture has turned barren due to overgrazing. This happened because the pasture was ________
A) excludable and rival B) non-excludable and non-rival C) excludable but non-rival D) non-excludable but rival