"Government Should Not Use Price Controls" Is an Example Of

question 34

Multiple Choice

"Government should not use price controls" is an example of:

• A) positive economics.
• B) normative economics.
• C) the art of economics.
• D) Marshallian economics.

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Definitions:

Priorities

The ranking of tasks or objectives in order of importance or urgency for the purpose of guiding decision-making or action.

Demands

Demands represent the requirements or needs that individuals or groups expect to be fulfilled.

Constraints

Limitations or restrictions that affect decision-making, strategies, and the achievement of objectives.

Descriptive Research

A research method aimed at describing characteristics of a population or phenomenon being studied without influencing them.