Primarily dealing of positive economic statements

Please help me to solve the problem of Positive Economics which is specified above.

Positive economic statements deal primarily along with: (w) the way things should be. (x) Technically testable economic theories. (y) Consensus judgments of economists. (z) Common sense.

How can I solve my economics problem? Please suggest me the right way to answer to this question.

View Complete Question

Related Questions in Public Economics

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 : Define problem of restricted resources

Alex wants a limitless supply of ice cream, flip-flops and candy bars. However, restricted resources and the time needed to produce these staples leaves Alex facing a problem termed as: (i) scarcity. (ii) disappointment. (iii) insufficiency. (v) inadequacy. (v) hunger. Hello guys I want y

Q : Idealized version of pure capitalism

Beneath an idealized version of the pure capitalism, governments would be least probable to offer: (1) Judicial systems to defend private property rights. (2) National defense. (3) Standardized forms of money. (4) Court systems to implement contracts.

Q : Explain invisible hand of Adam Smith

The “invisible hand” of Adam Smith described: (w) a large role for the government. (x) altruist motives in civilized society. (y) technological advances promoted throguh monopolies. (z) self-correcting market mechanisms.

Q : Define the normative economic statement

Which of the given is a normative economic statement? (1) Most Republicans favor the death penalty for murderers. (2) Punishment which is surer, swifter, and harsher decreases the rates of violent crime. (3) Most Democrats oppose the death penalty for

Q : Explain TANSTAAFL TANSTAAFL is an

TANSTAAFL is an acronym suggestive of that: (1) Tax agents never observe the awful influences from levies. (2) Tenants and needy must take all assets by landlords. (3) There ain't no all things like a free lunch. (4) Temperance and non satiety togethe

Q : Existence of economic inefficiency

Economic inefficiency exists while there is: (1) A society suffers through economic inequity. (2) No approach for anyone to gain unless someone else loses. (3) Additional output could be generated at lower cost. (4) Maximum net benefits are acquired f

Discover Q & A

Leading Solution Library

Avail More Than 1436075 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1941616
Asked

3,689

Active Tutors

1436075

Questions
Answered

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

Submit Assignment