Positive Economics

question 5

Multiple Choice

Positive economics

• A) does not depend on market interactions.
• B) only looks at the best parts of the economy.
• C) examines how the economy actually works (as opposed to how it should work).
• D) is very subjective.

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Definitions:

Fear of Rat

An irrational and intense fear of rats, technically known as musophobia.

Conditioning

A process of behavior modification by which a subject comes to associate a desired behavior with a previously unrelated stimulus.

Metronome

A device used to mark time at a selected rate by giving a regular tick sound.

Biscuit

A baked food item, typically flour-based, that varies significantly between regions; in the U.S., it refers to a soft bread roll, while in the U.K. it is akin to what Americans call a cookie.