Multiple Choice
Normative economics is concerned with
A) value judgments.
B) opinions.
C) cause-effect relationships.
D) observations that can be proved.
E) both a and b
Correct Answer:

Verified
Correct Answer:
Verified
Q158: Efficiency is consistent with<br>A) maximizing net benefits.<br>B)
Q159: Decision making "at the margin" means making
Q160: Which of the following statements is false?<br>A)
Q161: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q162: In general,there is a _ relationship between
Q164: The absence of value judgments is the
Q165: The resource termed labor consists of the
Q166: Which statement uses the term ceteris paribus
Q167: Which of the following statements is false?<br>A)
Q168: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit