Positive economics studies objective explanations of the workings of the economy

Question

Positive economics studies objective explanations of the workings of the economy a)True b)False Economics is primarily the study of a)Allocating unlimited resources to meet limited wants b)Finding ways to avoid scarcity c)The stock market d)Allocating limited resources to meet unlimited wants Normative ecomomics forms _______ based on______ a)Opinions, personal values b)Positive statements, facts c)Opinions, facts d)Positive statements, value The study of microeconomics is a)The study of choices made by households, firs, and local governements and how these choices affect the markets for goods and services b)The study of the nations economy as a whole c)Focused on inflation d)Concerned with the trade relationship between two countries Normative analysis is primarily concerned with

Explanation / Answer

c)The stock market

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