Which of the Following Statements About Positive Economic Analysis Is

question 32

Multiple Choice

Which of the following statements about positive economic analysis is false?

• A)Positive analysis uses an economic model to estimate the costs and benefits of different course of actions.
• B)There is much more disagreement among economists over normative economic analysis than over positive economic analysis.
• C)There is much more disagreement among economists over positive economic analysis than over normative economic analysis.
• D)Unlike normative economic analysis, positive economic analysis can be tested.

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Definitions:

Capital Balance

The amount of money that stakeholders have invested in a company, often shown in the equity section of a balance sheet.

Income Distribution

This refers to the way money is allocated among individuals or groups in an economy, indicating how wages, salaries, and profits are divided.

Capital Contributions

Monetary or other assets provided by owners or shareholders to increase a company's equity.

Capital Balance

Capital balance refers to the amount of funds contributed by investors or owners, plus retained earnings or minus losses.