Whenever Statements Embodying Values Are Made, We Enter the Realm

question 101

Multiple Choice

Whenever statements embodying values are made, we enter the realm of

• A) positive economics.
• B) normative economics.
• C) microeconomics.
• D) macroeconomics.

---

Definitions:

WRAT

The Wide Range Achievement Test is a standardized test that assesses reading, spelling, and arithmetic skills.

Cognitive Ability Test

An assessment designed to measure mental capabilities such as logic, reasoning, and problem-solving.

No Child Left Behind Act

A U.S. Act of Congress that reauthorized the Elementary and Secondary Education Act; it included measures designed to close the achievement gap with accountability, flexibility, and choice, so that no child is left behind.

Federal Funding

Financial support provided by the federal government to support a wide range of programs, projects, or organizations, often through grants or loans.