Multiple Choice
Which of the following statements about positive economic analysis is false?
A) Positive analysis uses an economic model to estimate the costs and benefits of different course of actions.
B) There is much more disagreement among economists over normative economic analysis than over positive economic analysis.
C) There is much more disagreement among economists over positive economic analysis than over normative economic analysis.
D) Unlike normative economic analysis, positive economic analysis can be tested.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: Allison's Auto Art is a company that
Q28: Explain the economic idea that "people respond
Q29: The idea that because of scarcity, producing
Q30: Scarcity refers to a situation in which
Q31: A firm's technology may depend on which
Q33: At a recent faculty meeting, Lorraine Waverly,
Q34: When production reflects consumer preferences, _ occurs.<br>A)allocative
Q35: Economists assume that rational people do all
Q36: Which of the following is an example
Q37: Scenario 1-1<br>Suppose a cell phone manufacturer currently