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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

What is the difference between positive economics and normative economics? Between microeconomics and macroeconomics?

To determine

Difference between positive and normative economics as well as micro and macroeconomics.

Explanation

Positive economics is an approach in economics that explains what exits in the economy, and normative economics is an approach in economics that addresses what ought to be or what should be.

Microeconomics and macroeconomics are two branches of economics...

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