Multiple Choice
Which of the following is NOT an example of a question answered by positive analysis?
A) How will an increase in the price of gasoline affect taxi drivers?
B) What fraction of an income-tax cut will be spent on consumer goods?
C) How will an increase in interest rates affect investment in factories?
D) Should the government increase the minimum wage?
Correct Answer:

Verified
Correct Answer:
Verified
Q37: Microeconomics is best described as the study
Q94: Recall the Application about the government of
Q95: In a modern market economy,most of the
Q96: Ceteris paribus means "Let the buyer beware."
Q97: According to the text,the solution economists propose
Q98: The slope of a nonlinear relationship changes
Q100: Economic analysis includes commuting time as part
Q101: There is a positive relationship between two
Q102: Normative economics questions "What ought to be?"
Q104: Positive economics<br>A) is the focus of most