Positive economic statements and normative economic statements OA. relate to whether outcomes are good or bad; are value-free statements OB. are concerned with "what is"; are concerned with "what ought to be" C. are scientific predictions; are purely descriptive OD. are value judgements; are factual statements

Positive economic statements and normative economic statements OA. relate to whether outcomes are good or bad; are value-free statements OB. are concerned with "what is"; are concerned with "what ought to be" C. are scientific predictions; are purely descriptive OD. are value judgements; are factual statements

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 6SCQ: Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a...

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