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Author Question: Positive economics is a method of inquiry that attempts to explain the observable, and is limited to ... (Read 136 times)

misspop

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on: Jun 30, 2018
Positive economics is a method of inquiry that attempts to explain the observable, and is limited to verifiable statements, while normative economics suggests a course of action that we should take based on a particular set of values and preferences.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The statement It is better to suffer a little more unemployment than a little lower price is an example of normative economic analysis.
 a. True
  b. False
  Indicate whether the statement is true or false


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ambernicolefink

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

True

Answer to Question 2

True


misspop

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

shailee

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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