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.

View Complete Question

Related Questions in Public Economics

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 : Explain the problem of Macroeconomics

Hello guys please suggest your answer for the given problem: A problem which MOST involves a macroeconomic problem is the result of a: (w) drought on the price of corn. (x) tax reform on the incomes of financial planners. (y) steel

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

Q : Explained economics capital generally

Where is generally economic capital referred: (1) Money and other financial assets. (2) Machinery, buildings and equipment. (3) Net investment minus depreciation. (4) Corporate bonds and stocks. Can anybody suggest

Q : Least stable probability of market

Market prices are probable to be the least stable where: (1) production technology is dormant for lengthy periods. (2) number of consumption substitutes is large. (3) variables finding demand and supply change often. (4) demand and supply curves both

Q : Problem on Economic Ideologies Can

Can someone help me in finding out the right answer from the following options. Government makes numerous economic decisions and acts as the ‘trustee’ in owning and allocating most of the non-labor resources beneath an economic system of: (i) Centrally pla

Q : Classified resources within the broad

Can anybody recommend me the proper explanation for specified problem regarding how classified resources within the broad categories: (i) Economic goods, free goods, and bads. (ii) Productive and nonproductive goods. (iii) Land, labor, capital, and en

Discover Q & A

Leading Solution Library

Avail More Than 1450578 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1954357
Asked

3,689

Active Tutors

1450578

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment