Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Chapter 23.1, Problem 10Q
To determine

Explain the positive and negative contribution to economic policy.

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Question 1. What is the difference between normative and positive approaches to public policy?  Question 2. What is “predatory pricing”?
If economic laws are applicable in real world?
What are the human behaviors economists should observe when creating economic models?
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