Normative Economic Principles Are Concerned with How People ________ Make

question 47

Multiple Choice

Normative economic principles are concerned with how people ________ make decisions while positive economic principles are concerned with how people ________ make decisions.

• A)do; should
• B)should; do
• C)in power; in ordinary life
• D)in ordinary life; in power

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Definitions:

Tetrapods

A superclass of animals characterized by four limbs (or the descent from such), including amphibians, reptiles, birds, and mammals.

Extant Species

Refers to species that are currently living and have not gone extinct.

Eusthenopteron

An extinct genus of lobe-finned fish, considered an important precursor to early tetrapods and amphibians.