Normative economic statements refer to what should be. a. True b. ...

Author Question: Normative economic statements refer to what should be. a. True b. ... (Read 26 times)

newbem

Hero Member
Posts: 579

on: Jul 1, 2018

Normative economic statements refer to what should be.
a. True
b. False

Question 2

Economists believe that individuals respond in a predictable way to changes in costs and benefits. The term that best describes this belief is
a. opportunity cost
b. demand
c. supply
d. scarcity
e. rational behavior

ryansturges

Sr. Member
Posts: 338

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

E

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