Normative economic principles are concerned with how people ________ make decisions while positive economic principles are concerned with how people ________ make decisions.
A. do; should
B. in ordinary life; in power
C. in power; in ordinary life
D. should; do
Answer: D
Economics
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If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years
a. True b. False Indicate whether the statement is true or false
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Increases real GDP
What will be an ideal response?
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Other fundamental things being equal, a decrease in the exchange rate value of the domestic currency will make domestic goods
A. less competitive in the international markets. B. less expensive in the domestic market. C. more in demand internationally. D. less expensive to produce.
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If the APS is -0.4, the APC is
A. -0.4. B. 0. C. 0.6. D. 1.4.
Economics