“The most popular justification for the interventionist state is to create or ensure fairness and justice in the distribution of income...Income is not distributed. In a free society, income is earned.”   Which economic perspective does the quotation above best represent?   conservative   positive analysis   radical   liberal   libertarian   Question 2   _____ is an assumption used in economics in which other relevant factors or variables are held constant.   Ceteris paribus   Scarcity rule   Montani semper liberi   Variable costs   Marginal revenue maximization

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A: there are two types of economics one is Normative and other is Positive economics.

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Q: 54

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