Positive Economics Is Concerned with Justifying a Particular Distribution of Income

question 45

True/False

Positive economics is concerned with justifying a particular distribution of income.

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Definitions:

Potential Dissonance

The possible tension or conflict that arises when a person holds two contradictory beliefs or attitudes simultaneously.

Low-ball Technique

A persuasion strategy where an initially favorable offer is made to get an agreement, and then terms are made less favorable to the agreement party.

Postdecisional Dissonance

The discomfort experienced after making a difficult choice, often involving feelings of regret or uncertainty.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting cognitions, such as beliefs, attitudes, or behaviors.