Explain about the positive technical statements

Positive technical statements: (w) need value judgments. (x) should be valid by definition. (y) can be proved and tested or disproved by fact and logic. (z) are the excellent guides in specifying economic policies.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

View Complete Question

Related Questions in Public Economics

Q : Population increase-Economic Growth I

I have a problem in economics on Population increase-Economic Growth. Please help me in the following question. The production-possibilities frontier can be shifted external by: (i) Removing unemployment. (ii) Lowering the market prices. (iii) A popul

Q : Decision making and outputs as well as

Particular decision making and how outputs and prices are determined are the mainly focus of: (w) Occam’s razor (x) microeconomic analysis. (y) macroeconomic theory. (z) economic efficiency Hey friends please give your opinio

Q : Occurrence problem of Economic

Economic inefficiency is most obviously a problem while: (i) Elmer hates Alpo but eats this so he can afford a cheap daily bottle of Gertrude's Hi Test Wine. (ii) Emma forgot to turn off the water and this runs down the street in a storm sewer six blo

Q : Define the economically efficient

An economically efficient combination of resources: (w) may or may not be technologically efficient. (x) will be technologically inefficient. (y) will not be technologically inefficient. (z) automatically assures equity. Hey guys p

Q : Illustrates the problem of Productive

At present, at Bob's Candle shop, Arjuna and Krishna share the jobs of making molds and making candles. Nonetheless, while Arjuna is best at making molds and Krishna is much better at creating the candles, then: (a) Bob’s shop is experiencing allocative although

Q : Economic goals of all economic activity

Adam Smith believed about the ultimate suitable objective of all economic activity is to maximizing: (w) wealth and power of the national government. (x) satisfaction of individuals by giving people along with the goods they want. (y) employment oppor

Q : Governmental allocations of non-human

The fundamental foundations of a capitalist system do not comprise: (1) Supplies and demands. (2) Private property rights. (3) Governmental allocations of non-human resources. (4) Laissez faire policies. (5) Market-determined prices and outputs.

Q : Function to organizing productive

Can someone explain me with best solution regarding problem of organizing productive resource and innovating new products... Organizing another productive resource, innovating new products and production methods, and willingness to

Q : Determination of opportunity cost of

The opportunity cost of any type of decision is measured through the: (w) market price of career and education opportunities. (x) value of the worst optional choice sacrificed. (y) market price of the resources used in production. (z) value of the best optional choice

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.

Discover Q & A

Leading Solution Library

Avail More Than 1427278 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1952262
Asked

3,689

Active Tutors

1427278

Questions
Answered

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

Submit Assignment