Positive Economics Is Concerned with

question 60

Multiple Choice

Positive economics is concerned with

• A) value judgments.
• B) cause-effect relationships.
• C) observations that cannot be proved.
• D) both b and c

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Definitions:

Fixed Investments

Long-term expenditures on physical assets like plant, property, and equipment, which are not easily liquidated.

Habit

A settled or regular tendency or practice, especially one that is hard to give up, often performed unconsciously.

Organizational Development

A domain focused on enhancing individuals' understanding and efficiency in achieving improved organizational transformation and performance through research, theoretical development, and practical application.

Competencies

The skills, knowledge, abilities, and attributes needed to effectively perform a role or job function.