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Author Question: Analysis that is limited to making either purely descriptive statements or scientific predictions is ... (Read 64 times)

urbanoutfitters

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on: Jun 29, 2018
Analysis that is limited to making either purely descriptive statements or scientific predictions is
 
  A) positive economics.
  B) normative economics.
  C) microeconomics.
  D) macroeconomics.

Question 2

The demand for the product of a monopolistically competitive firm is highly elastic when
 
  A) firms collude.
  B) there are fewer firms in the industry.
  C) there is a lot of product differentiation.
  D) there are a lot of close substitutes.


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HandsomeMarc

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


urbanoutfitters

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Reply 2 on: Jun 29, 2018
Excellent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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