Positive Economic Principles Are Those That

question 8

Multiple Choice

Positive economic principles are those that:

• A)are always correct.
• B)are influenced by political ideology.
• C)indicate how people should behave.
• D)predict how people will behave.

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Definitions:

Empirical

Is about, focuses on, or is validated by seeing or living through something firsthand rather than by theory or abstract thought.

Direct Observation

A research method where behaviors or phenomena are watched and recorded as they naturally occur, without interference or manipulation by the observer.

Internal Events

Experiences or occurrences within one's own mind or body, such as thoughts, feelings, or physiological changes.

Logic

The study of reasoning and argumentation, focusing on the principles that guide the structure and validity of arguments and inferences.