Which of the following are examples of positive economics?(please choose all the answers that are correct) Input market supply can be affected differntly under the income or substitution effects of price changes. The law of demand does not hold for all goods. Fewer price controls increases the standard of living Government should invest in public goods The unemployment rate in the United States spiked during the COVID pandemic

Positive economics can be described as about the condition or scenario of "what is." It is explained…

Answered: Which of the following are examples of…

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter3: Demand, Supply, And The Market Process

Section: Chapter Questions

Problem 14CQ

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Which of the following are examples of positive economics?
(please choose all the answers that are correct)

		Input market supply can be affected differntly under the income or substitution effects of price changes.
		The law of demand does not hold for all goods.
		Fewer price controls increases the standard of living
		Government should invest in public goods
		The unemployment rate in the United States spiked during the COVID pandemic

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