As a Subject, Positive Economics _____

question 14

Multiple Choice

As a subject, positive economics _____.

• A) is the technical and objective pursuit of economic understanding
• B) seeks to assert particular beliefs based on religion, race and economic background
• C) attempts to provide solutions to questions that are difficult to answer
• D) studies questions that are value laden and subjective

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Definitions:

Learning Curve Analysis

Examination of how the time to perform a task decreases with increasing repetitions, due to workers gaining efficiency.

Tasks Repeated

Activities or duties that are performed again, either to achieve perfection, necessity, or due to the cyclical nature of the process.

Learning Curve

A graphical representation that shows how learning or gaining experience increases efficiency or performance over time.

Polar Coordinate

A coordinate system where each point on a plane is determined by an angle and a distance from a fixed point, called the pole.