Positive economics answers the question, What ought to be? ...

[anshika]

Positive economics answers the question, What ought to be? Normative economics predicts the consequences of alternative actions, answering the questions, What is? or What will be?
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements is true?
 
  A) If a bank lends a sum of 600 to a firm, the sum is a part of the bank's liability.
  B) If a bank lends a sum of 200 to a household, the sum is a part of the bank's liability.
  C) If a firm deposits a sum of 500 in a bank, the sum is a part of the bank's assets.
  D) If a firm deposits a sum of 500 in a bank, the sum is a part of the bank's liability.

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Answer to Question 1

FALSE

Answer to Question 2

D

[anshika]

Thanks for the timely response, appreciate it

[Jossy]

Excellent