The Difference Between Positive and Normativeeconomics Is That

question 100

Multiple Choice

The difference between positive and normativeeconomics is that:

• A)positive economics is what you are learning in school whereas normative economics is what you will
• Learn in the real world.
• B)normative economics is based on proven fact whereas positive economics is based on what should
• Be)
• C)positive economics describes, explains and predicts economic events, whereas normative economics
• Recommends what economic policies should look
• Like.
• D)economists always use positive economics whereas politicians always use normative economics.

Understand the effect of fixed and variable costs on operating leverage and profit potential.

Apply CVP concepts in a manufacturing context to evaluate the feasibility of producing a new product.

Master the use of break-even analysis tools, including the graphical approach and algebraic calculations.

Appreciate the value of CVP analysis for short-term financial planning and strategic decision-making.

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Definitions:

Cardiovascular Disease

A range of disorders affecting the heart and blood vessels, often characterized by hypertension, coronary artery disease, and heart failure.

Venous Return

The flow of blood back to the heart through the veins, which is critical for maintaining cardiac output and blood pressure.

Lower Extremity Edema

Swelling due to the accumulation of fluid in the tissues of the lower legs, ankles, or feet.

Daily Exercise

Regular physical activity performed every day to improve or maintain physical fitness and overall health.