Positive Analysis

question 153

Multiple Choice

Positive analysis:

• A) involves the formulation and testing of hypotheses.
• B) involves value judgments concerning the desirability of alternative outcomes.
• C) weighs the fairness of a policy.
• D) examines if an outcome is desirable.

---

Definitions:

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, organized into two opposing military alliances: the Allies and the Axis.

Recessions

Instances of provisional economic weakness where both trading and industrial activities fall off, universally determined by a two-quarter continuous drop in GDP.

General Merchandise

A category of goods that includes a wide range of products from apparel to home goods sold by retailers.

Discount Stores

are retail outlets that sell products at prices lower than those asked by traditional retail stores, often by selling in large volumes or foregoing some aspects of service.