Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is true? O Positive economics deals with how people react to changes in benefits, and normative economics deals with how people

image text in transcribed
Which of the following is true? O Positive economics deals with how people react to changes in benefits, and normative economics deals with how people react to changes in costs. . O Positive economic statements are testable, but normative statements are not. O Positive economic statements involve value judgments while normative economics focuses on whether a policy will achieve its intended objectives. O Positive economic statements focus on policy issues while normative economics focuses on economic theory

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Corporate Finance A Users Manual

Authors: Aswath Damodaran

2nd Edition

9780471660934

Students also viewed these Economics questions

Question

under what circumstances is a person's standard deduction $0?

Answered: 1 week ago