--%>
Assignment Help - homework help

Describe an illustration of Positive Economics

Predicting a fall within the national unemployment rate along with a new untested economic model is an illustration of: (1) positive economic analysis. (2) normative economic analysis. (3) a microeconomic prediction. (4) predictability no better than a call to the psychic hotline.

Can someone suggest me the answer of the above question?

   Related Questions in Public Economics

  • Q : Determine when a good is scarce A good

    A good is scarce when: (1) individuals are willing to pay a positive price for more of this. (2) this is socially but not individually beneficial. (3) individuals are willing to pay to have this not produced. (4) more is obtainable at

    		•
  • Q : People thinking about invisible hand of

    Adam Smith’s “invisible hand” consider as to a process through which people think: (w) trying to serve their own interests also exploit social well being. (x) rely upon democratic governments to make main economic decisions. (y) base

    		•
  • Q : Opportunity cost of absent class in

    Why is class attendance mostly always higher on days while examinations are specified?

    		•
  • Q : When are all resources encompassed All

    All resources are encompassed through the classes of labor: (i) industrial robots, energy, and raw materials. (ii) capital, entrepreneurship, and knowledge. (iii) land, entrepreneurship and capital. (iv) entrepreneurship, investment and materials. (v)

    		•
  • Q : Economic questions incapability of

    Economic questions incapable of scientific verification like to correctness or falsity, as like why, how and when to prosecute and execute alleged murderers, or to whom income must be again distributed, fall in the category of: (1) positive economics.

    		•
  • Q : Determine the opportunity cost while

    While people buy something, then its opportunity cost is the: (w) monetary price they paid. (x) enjoyment they get by their purchase. (y) satisfaction they lost by not buying something else. (z) time they should work to pay their bills.

    Q : Concept of income more to the poor than

    The concept about, on average, further income implies more to the poor than to the rich conforms most to the teachings or philosophy of: (1) Thorstein Veblen. (2) Friedrich Nietzsche. (3) Gautama Buddha. (4) Jeremy Bentham. (5) Nostradamus. (6) Adam S

    		•
  • Q : Existence of economic inefficiency

    Economic inefficiency exists while there is: (1) A society suffers through economic inequity. (2) No approach for anyone to gain unless someone else loses. (3) Additional output could be generated at lower cost. (4) Maximum net benefits are acquired f

    		•
  • Q : Where is Positive theory inaccurate Can

    Can anybody suggest me the proper description for given problem regarding positive theory in Economics generally. Positive theory which is inaccurate: (w) can be disproved through logic and fact. (x) includes poor

    		•
  • Q : Price Specie-Flow Mechanism-early

    The equation ΔMV is equal to ΔPQ while real GDP (which is adjusted for inflation), is fixed is a modern method to distinguish: (w) Adam Smith’s labor theory of value. (x) Francois Quesnay’s circular flow model. (y) Roberto Mich

    		•