Illustrate the term Positive and Normative Economics
Illustrate the term Positive and Normative Economics?
Expert
1. Positive economics describes the economy as it actually is, avoiding value judgments and attempting to establish scientific statements about economic behavior.
2. Normative economics involves value judgments about what the economy should be like and the desirability of the policy options available.
3. Most disagreements among economists involve normative, value-based questions.
What happens in the resource markets?
Elucidate the growth record of the United States?
Cingular and Alltel involve in aggressive and expensive advertising for cell-phones. A reason for this advertising may be: (1) attempts to increase market share. (2) predatorily drive other firms by the market. (3) to increase the use of cell phones.
Please help me to solve the problem of economic that is given below: Economists describe economic costs as like: (w) money outlays. (x) accounting cost. (y) opportunity cost. (z) v
Define the term Mixed Economy and also state their advantages and disadvantages?
Distinguish clearly between a plant, a firm, and an industry?
Janet has loaned a start-up coffee house $50,000 and predicts to earn interest from her financial investment. In circular flow model this transaction is an illustration of: (1) An exchange of her saving for interest, via a resource market for the economic capital. (2)
Give a brief introduction of the term Control Factor?
Not like speculation, there arbitrage is: (w) an activity which is generally more lucrative when conditions are favorable. (x) a profitable and relatively riskless activity. (y) the process of representing a domestic company within fo
Describe the equation of a linear relationship?
18,76,764
1950134 Asked
3,689
Active Tutors
1452512
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!