Positive Economics Is an Approach to Economics That

question 143

Multiple Choice

Positive economics is an approach to economics that

• A) seeks to understand behavior and the operation of systems while making judgments about their usefulness to society.
• B) analyzes outcomes of economic behavior, evaluates them as good or bad, and may prescribe preferred courses of action.
• C) seeks to understand behavior and the operation of systems without making judgments.
• D) examines the role of government in the economy.

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Definitions:

Communications Department

A division within an organization responsible for managing and coordinating all internal and external communication efforts.

Corporate PR

Involves managing the public relations efforts of a corporation to build and maintain a positive image and strong relationships with stakeholders and the public.

Human Resources

The department within an organization responsible for managing employee-related processes including recruitment, training, compensation, and benefits.

Bureau of Labor Statistics

A U.S. government agency responsible for collecting, analyzing, and disseminating essential statistical data related to labor economics.