"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:

Maximize

To increase or make as great as possible, typically in relation to achieving a particular goal or outcome.

Organizational Model

A conceptual framework that outlines the structure, processes, and methods an organization uses to achieve its objectives.

Standard Operating Procedures

Detailed, written instructions designed to achieve uniformity of the performance of a specific function.

Political Explanation

An explanation that relates to the theories, activities, or affairs concerning governance, policy-making, or politics.