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Author Question: A direct relationship exists when: a. there is no association between two variables. b. one ... (Read 45 times)

CharlieWard

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on: Jun 30, 2018
A direct relationship exists when:
 a. there is no association between two variables.
  b. one variable increases and there is no change in the other variable.
  c. one variable increases and the other variable increases.
  d. one variable increases and the other variable decreases.

Question 2

What is the difference between positive and normative economics? How can knowledge of positive economics be useful in normative economics?


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Athena23

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

Positive economics deals with what is while normative economics deals with what ought to be. Knowledge of positive economic theories (the causal relationship between economic variables) can guide us in finding workable policies designed to achieve a normative economic goal.


CharlieWard

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Viet Thy

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Reply 3 on: Yesterday
Excellent

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