--%>
Assignment Help - homework help

Determine the essence of positive economics statement

The essence of positive economic statements is which they: (1) should be correct, or they turn into normative statements. (2) yield predictions which can be tested for validity. (3) clearly resolve ethical or moral matters. (4) focus upon cheerful in place of depressing events. (5) give clear guides for economic policies.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Public Economics

  • Q : Technological advance in costs All else

    All else equivalent, when the output of one good raises, the output of other goods: (1) Should fall in an underemployed economy. (2) May rise as well when society begins on its PPF. (3) Will drop in an efficient and completely employed economy. (4) Essentially experie

    		•
  • Q : Desires of people when less of a good

    While less of a good is freely obtainable than people desire, the good is: (1) in short supply. (2) a free good. (3) a luxury good. (4) scarce. (5) a requirement. Hello guys I want your advice. Please recommend som

    		•
  • Q : Economist-Conclusion for redistribution

    I want a good answer on the topic of normative economics. Please give me your opinion that if wealth and income both were redistributed by the richest one to the poorest five percent of the population, conclusion of an economist would be that: (w) soc

    		•
  • Q : Explain economics as the study of

    Economics is generally explained as the study of how societies and individuals: (1) make options about work and the division of labor, (2) try to maximize their financial wealth and incomes, (3) answer the fundamental economic questions of "Why, Where, and When", (4)

    		•
  • 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

    		•
  • Q : Determine the positive technical

    Which of the given is a positive technical statement? (i) The Miss America contest is sexist and tasteless. (ii) The moon is made of green cheese. (iii) Microsoft’s record of innovation justifies Bill Gates’ incredible wealth. (iv) Capitalism improves peop

    		•
  • Q : Decisions and owns resources The

    The Economic systems are categorized mainly according to: (1) Who makes decisions and who owns the resources. (2) Which political parties are in the power. (3) The extent of economic growth. (4) How efficiently resources are employed.

    Q : Explain about entrepreneurship I need a

    I need a good answer on the topic of Economic problems. Please give me your suggestions that entrepreneurship, labor, capital and land are all illustrations of: (w) producer's supplies. (x) goods and services. (y) income streams. (z) productive resources.

    		•
  • Q : Problem related to Income distribution

    The necessary criterion for distribution asserts is that: (i) everyone requires a few luxuries to attain psychological balance. (ii) Output must be distributed in proportion to people’s requirements. (iii) Individual requirements will be met bes

    		•
  • Q : Define positive technical statement on

    A positive technical statement on the subject of college life is which: (1) college deans are more moral than department chairs. (2) elite colleges frequently admit the wrong students. (3) history professors and accounting professors deserve similar pay. (4) on averag

    		•