Which of the Following Statements About Economic Analysis Is True

question 22

Multiple Choice

Which of the following statements about economic analysis is true?

• A) Unlike positive economic analysis, normative economic analysis can be tested.
• B) Neither positive nor normative analysis can be tested.
• C) Positive economic analysis is concerned with "what is," whereas normative economic analysis is concerned with "what ought to be."
• D) Economics is primarily about normative analysis, which measures the costs and benefits of different courses of action.

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Definitions:

Moral Development

The process by which individuals acquire and understand the distinctions between right and wrong, influencing ethical behavior.

Rawls

A philosopher known for his theory of justice which emphasizes fairness and equality in the distribution of goods and opportunities.

Civil Rights Protestors

Individuals or groups who engage in activism or demonstrations to advocate for the enforcement and expansion of rights and equality for minority groups.

Gang Wars

Conflicts and violent struggles between organized groups or gangs, often related to territorial disputes, criminal activities, or ideological differences.