The category bellow statements, fall under Concept introduction: Positive Statement: It is branch of economics that make analysis that tends to explain all the questions about real work. It has right and wrong answers. It is about the description that says the way economics really work. It involves forecast . Normative Statement: It is branch of economics that make analysis that do not explain all the questions about real work. It does not have right and wrong answers. It is about the prescription that says the way economics should work. It involves value judgment.

Question

Want to see the full answer?

Answer 1

Question

Chapter 2, Problem 14P

To determine

The category bellow statements, fall under

Concept introduction:

Positive Statement: It is branch of economics that make analysis that tends to explain all the questions about real work. It has right and wrong answers. It is about the description that says the way economics really work. It involves forecast.

Normative Statement: It is branch of economics that make analysis that do not explain all the questions about real work. It does not have right and wrong answers. It is about the prescription that says the way economics should work. It involves value judgment.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Explain the business practices of the rent-to-own industry.

Not use ai please

Answer 2

Question

Chapter 2, Problem 14P

To determine

The category bellow statements, fall under

Concept introduction:

Positive Statement: It is branch of economics that make analysis that tends to explain all the questions about real work. It has right and wrong answers. It is about the description that says the way economics really work. It involves forecast.

Normative Statement: It is branch of economics that make analysis that do not explain all the questions about real work. It does not have right and wrong answers. It is about the prescription that says the way economics should work. It involves value judgment.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 2, Problem 14P

To determine

The category bellow statements, fall under

Concept introduction:

Positive Statement: It is branch of economics that make analysis that tends to explain all the questions about real work. It has right and wrong answers. It is about the description that says the way economics really work. It involves forecast.

Normative Statement: It is branch of economics that make analysis that do not explain all the questions about real work. It does not have right and wrong answers. It is about the prescription that says the way economics should work. It involves value judgment.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 2, Problem 14P

To determine

The category bellow statements, fall under

Concept introduction:

Positive Statement: It is branch of economics that make analysis that tends to explain all the questions about real work. It has right and wrong answers. It is about the description that says the way economics really work. It involves forecast.

Normative Statement: It is branch of economics that make analysis that do not explain all the questions about real work. It does not have right and wrong answers. It is about the prescription that says the way economics should work. It involves value judgment.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 2, Problem 14P

To determine

The category bellow statements, fall under

Concept introduction:

Positive Statement: It is branch of economics that make analysis that tends to explain all the questions about real work. It has right and wrong answers. It is about the description that says the way economics really work. It involves forecast.

Normative Statement: It is branch of economics that make analysis that do not explain all the questions about real work. It does not have right and wrong answers. It is about the prescription that says the way economics should work. It involves value judgment.

Answer 6

Chapter 2, Problem 14P

To determine

The category bellow statements, fall under

Concept introduction:

Positive Statement: It is branch of economics that make analysis that tends to explain all the questions about real work. It has right and wrong answers. It is about the description that says the way economics really work. It involves forecast.

Normative Statement: It is branch of economics that make analysis that do not explain all the questions about real work. It does not have right and wrong answers. It is about the prescription that says the way economics should work. It involves value judgment.

Answer 7

Chapter 2, Problem 14P

To determine

The category bellow statements, fall under

Concept introduction:

Positive Statement: It is branch of economics that make analysis that tends to explain all the questions about real work. It has right and wrong answers. It is about the description that says the way economics really work. It involves forecast.

Normative Statement: It is branch of economics that make analysis that do not explain all the questions about real work. It does not have right and wrong answers. It is about the prescription that says the way economics should work. It involves value judgment.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 2.A - Prob. 1P Ch. 2.A - Prob. 2P Ch. 2.A - Prob. 3P Ch. 2.A - Prob. 4P Ch. 2.A - Prob. 5P Ch. 2.A - Prob. 6P Ch. 2.A - Prob. 7P Ch. 2.A - Prob. 8P Ch. 2.A - Prob. 9P Ch. 2.A - Prob. 10P

Concept explainers

Want to see the full answer?

Chapter 2 Solutions