A Positive Statement Is

question 375

Multiple Choice

A positive statement is

• A) about what ought to be.
• B) about what is.
• C) the result of a model's normative assumptions.
• D) valid only in the context of a model with simple assumptions.

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Definitions:

Restricts

Imposes limitations or conditions on actions, access, or behaviors, often through regulations, laws, or contracts.

Bankrupt

A legal status of a person or entity that cannot repay the debts it owes to creditors.

Necessaries

Basic essential goods required for living, which can include food, clothing, shelter, and healthcare, depending on the context.

Landlord

An individual or entity that owns property and rents it out to tenants, providing housing or commercial space in exchange for rent.