Which of the following are examples of positive economics? (please choose all the answers that are correct) Input market supply can be affected differntly under the income or substitution effects of price changes. The law of demand does not hold for all goods. Fewer price controls increases the standard of living Government should invest in public goods The unemployment rate in the United States spiked during the COVID pandemic
Which of the following are examples of positive economics? (please choose all the answers that are correct) Input market supply can be affected differntly under the income or substitution effects of price changes. The law of demand does not hold for all goods. Fewer price controls increases the standard of living Government should invest in public goods The unemployment rate in the United States spiked during the COVID pandemic
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 4SQP
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Question
Which of the following are examples of positive economics?
(please choose all the answers that are correct)
Input market supply can be affected differntly under the income or substitution effects of price changes. |
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The |
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Fewer price controls increases the standard of living |
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Government should invest in public goods |
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The |
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