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Case 2-2 Clyde is setting up the new computer that he just bought and wants to attach peripheral devices to the USB ports. When Clyde plugs a device in and the computer system configures it automatically, this is referred to as ____.
Positive Economics
A branch of economics that focuses on objective analysis and the description of how the economy functions, as opposed to normative economics that involves value judgments.
Normative Economics
An area of economics that makes assessments of economic fairness or desired economic outcomes and aims of public policy.
Consequences
The outcomes or effects resulting from a particular action or set of conditions.
Negative Relationship
A relationship between two variables, X and Y, in which a decrease in X is associated with an increase in Y and an increase in X is associated with a decrease in Y.
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