Which of the following represents positive economics?
a. Policy A is fair.
b. Outcome B is the best objective to achieve.
c. If policy A is followed, then outcome B results.
d. All of these.
c
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An oligopoly model in which sellers compete on prices rather than quantities is called a ________ model
A) Bertrand B) Cournot C) Ricardian D) Keynesian
The largest component of our M1 money supply is
a. currency b. travelers' checks c. savings accounts d. money market accounts e. demand deposits and other checkable deposits
The large net revenue that a firm earns from an activity
What will be an ideal response?
The term "Global South" refers to
A. developing countries in Asia, Africa, and Latin America. B. the Southern states of the United States. C. countries in the Southern Hemisphere. D. industrialized countries south of the equator.