QUESTION 32 Positive economic analysis a. involves judgments on how resources should be used in an economy. b. involves the study of firms with positive profits. C. involves how resources are actually used in an economy. d.is usually thought to be a waste of time.
QUESTION 32 Positive economic analysis a. involves judgments on how resources should be used in an economy. b. involves the study of firms with positive profits. C. involves how resources are actually used in an economy. d.is usually thought to be a waste of time.
Chapter14: Transaction Costs, Asymmetric Information, And Behavioral Economics
Section: Chapter Questions
Problem 5.11P
Related questions
Question
![QUESTION 32
Positive economic analysis
a. involves judgments on how resources should be used in an economy.
b. involves the study of firms with positive profits.
C. involves how resources are actually used in an economy.
d. is usually thought to be a waste of time.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F50ea150f-1d61-4798-a390-0316540a92b9%2Fb48b7902-521b-4af7-bda2-5c065bc43f87%2Fubpqfz8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 32
Positive economic analysis
a. involves judgments on how resources should be used in an economy.
b. involves the study of firms with positive profits.
C. involves how resources are actually used in an economy.
d. is usually thought to be a waste of time.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![ECON MICRO](https://www.bartleby.com/isbn_cover_images/9781337000536/9781337000536_smallCoverImage.gif)
![MACROECONOMICS FOR TODAY](https://www.bartleby.com/isbn_cover_images/9781337613057/9781337613057_smallCoverImage.gif)
![Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613040/9781337613040_smallCoverImage.gif)
![ECON MICRO](https://www.bartleby.com/isbn_cover_images/9781337000536/9781337000536_smallCoverImage.gif)
![MACROECONOMICS FOR TODAY](https://www.bartleby.com/isbn_cover_images/9781337613057/9781337613057_smallCoverImage.gif)
![Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613040/9781337613040_smallCoverImage.gif)
![Survey Of Economics](https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif)
![Micro Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613064/9781337613064_smallCoverImage.gif)