Multiple Choice
Which of the following correctly defines the term "equilibrium"?
A) It refers to a situation in which data are used to arrive at conclusions.
B) It refers to a situation in which all economic agents are simultaneously optimizing.
C) It refers to a situation in which an optimizing decision is made by an individual economic agent.
D) It refers to a situation in which government intervention efficiently allocates scarce resources.
Correct Answer:
Verified
Correct Answer:
Verified
Q43: Which of the following is an example
Q44: Positive economics is descriptive because _.<br>A) it
Q45: When a market is in equilibrium,both buyers
Q46: _ is a calculation that adds up
Q47: Who among the following is an example
Q49: Which of the following is true of
Q50: Which of the following statements is true?<br>A)
Q51: Which of the following will hold true
Q52: _ is analysis that generates objective descriptions
Q53: Differentiate between positive and normative economics using