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Author Question: Normative economic statements refer to what should be. a. True b. ... (Read 63 times)

newbem

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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

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

E


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