Positive declaration in positive economics

When a mother tells her young child that thunder is caused by the angels bowling up in heaven, scientists would classify her statement as most clearly: (w) a normative statement. (x) a positive statement. (y) microeconomics in place of macroeconomics. (z) scientifically factual.

How can I solve my economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Public Economics

Q : Payments for Resources Incorrect

Incorrect statements would contain the assertion which payments for: (a) The use of land is termed as land rent. (b) Labor is termed as wages. (c) Services are termed as profits. (d) Capital is termed as interest. Hello guys I need

Q : Specialization and Gains from Trade

While people develop expertise by dividing up the assignments encountered within major productive activities as like making a movie or manufacturing a plane, one of the most likely consequences is: (i) Political instability originates by unavoidable frictions in

Q : Explain about the positive technical

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.

Q : Labor resources of society Hello guys I

Hello guys I need your advice. Please suggest some views for following economics problems that what are labor resources of society: (i) Identical along with its population, (ii) The mental and physical talents people make obtainable f

Q : LEAST relation of study of economics

Please help me to solve the problem that is given below: The study of economics is LEAST related along with: (w) humanity in its wealth getting and wealth using activities. (x) physiological interpretations of labo

Q : Consumption and investment The

The economy's present production possibilities frontier is not restricted by the: (1) Quantity and quality of labor force. (2) Amount of capital stock currently accessible. (3) Quantity and quality of the natural resources (that is, land). (4) Current

Q : Most dealing of normative economic

Normative economic statements deal mainly along with: (w) the way things should be. (x) production possibilities frontier analysis. (y) facts in place of theories. (z) how to measure economic variables. Please choo

Q : Explain about the term Profits in

Profits: (w) are interest on human capital. (x) are an unfortunate consequence of capitalism. (y) burden the economy and decrease efficiency. (z) are monetary rewards to entrepreneurs. Can someone explain/help me w

Q : Price elasticity of demanded in

The price elasticity of demand is the relative proportional change within the: (1) quantity of a good demanded yielded by a given absolute price change. (2) price generated through a specified change in quantity demanded. (3) quantity of a good demand

Q : Example of Relative Price Suppose a

Suppose a deluxe hamburger is $5, an Oreo blizzard is $3, and a soda is $1. Then the relative price of the hamburger is: (a) 1.6 blizzards. (b) four sodas and half of a blizzard. (c) two blizzards. (d) a blizzard and one soda.

Discover Q & A

Leading Solution Library

Avail More Than 1449063 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1937342
Asked

3,689

Active Tutors

1449063

Questions
Answered

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

Submit Assignment