Multiple Choice
The statement that ʺpeach ice cream is better than chocolate ice creamʺ
A) is a normative statement.
B) can be tested using the scientific approach.
C) provides a basis for predicting which type of ice cream will exhibit the most sales.
D) is a positive statement.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: If a curve falls and then rises,
Q4: Which of the following is a normative
Q5: When an economy produces more houses and
Q6: An incentive<br>A) is the opposite of a
Q7: In broad terms the difference between microeconomics
Q9: What does the slope of the line
Q10: Macroeconomics differs from microeconomics in that:<br>A) macroeconomics
Q11: The study of economics<br>A) deals mainly with
Q12: In economics, the term ʺlandʺ means<br>A) land,
Q13: Which of the following statements are correct?<br>I.