Plz solve atleast one ... Thnku 2. What is the optimal decision rule in economics? Provide a specific labour marketexample to illustrate.3. Distinguishes between positive and normative statements used in economics.Explain what these terms mean and provide a labour market example to illustrate.

Two features of economy are - 1) wants are unlimited 2) resources are scarce so rational decision…

What is the optimal example to illustrate. K - Distinguishes between positive and normative statements used in economics. Explain what these terms mean and provide a labour market example to illustrate.

What is the optimal example to illustrate. K - Distinguishes between positive and normative statements used in economics. Explain what these terms mean and provide a labour market example to illustrate.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 23CTQ: Do economists have any particular expertise at making normative arguments? In other words, they have...

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Plz solve atleast one ... Thnku

2. What is the optimal decision rule in economics? Provide a specific labour market
example to illustrate.
3. Distinguishes between positive and normative statements used in economics.
Explain what these terms mean and provide a labour market example to illustrate.

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