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Author Question: It has been noted that when the price of a good increases, people purchase less of the good. This is ... (Read 147 times)

sarasara

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It has been noted that when the price of a good increases, people purchase less of the good. This is an example of
 
  A) macroeconomic analysis.
  B) irrational behavior.
  C) normative economic analysis.
  D) positive economic analysis.

Question 2

Which of the following legal subjects is most concerned with the economic function of the legal system?
 
  A) criminal law
  B) public goods
  C) antitrust legislation
  D) civil rights



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bfulkerson77

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Answer to Question 1

D

Answer to Question 2

C





 

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