Positive Economics

question 135

Multiple Choice

Positive economics:

• A) predicts the consequences of alternative actions.
• B) concerns the forces that affect economic activity.
• C) is the focus of most modern economic reasoning.
• D) All of the above are correct.

---

Definitions:

Product Availability

A measure of the extent to which goods are in stock and accessible for purchase by customers, often critical for customer satisfaction and sales performance.

Total Profits

The entirety of financial gain accumulated by a business after subtracting all expenses from total revenue.

Expected Revenue

The amount of money a company anticipates receiving from sales or other income sources during a specific period, based on forecasts or historical performance.

Lower Price Buyer

A lower price buyer is a consumer or entity that prioritizes purchasing goods or services at the lowest available prices, often influencing market competition and pricing strategies.