Multiple Choice
A statement of fact that can be verified by observation is
A) an abstraction
B) a positive statement
C) a normative statement
D) a philosophical conundrum
E) the basis of an assumption
Correct Answer:
Verified
Correct Answer:
Verified
Q138: Economists disagree about many things.When those disagreements
Q139: A critical assumption made by all economic
Q140: Which of the following is a positive
Q141: Microeconomics analyzes individual parts of the economy
Q142: Macroeconomics is the study of<br>A) how wages
Q144: Physical capital differs from raw materials in
Q145: Which of the following would be strictly
Q146: Individuals face opportunity costs because<br>A) the minimum
Q147: Due to resource scarcity,<br>A) some economic activities
Q148: Carl is considering attending a concert with