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 29 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

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.