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.

Understand economies of scale and their impact on long-run average and marginal costs.

Understand and apply the concept of economies of scope in joint production decisions.

Analyze the influence of technological changes on production possibilities and cost structures.

Calculate and interpret the effects of environmental regulations on firm costs and production decisions.

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Definitions:

Public Service

Activities or functions performed with the aim of providing support and benefit to the community as a whole, often undertaken by government organizations.

Fairness Doctrine

A former U.S. policy requiring broadcast media to present contrasting viewpoints on controversial issues of public importance, to ensure balanced and fair coverage.

Public Issues

Matters of concern that affect the interests or well-being of the general public or society at large.

Industry Self-Regulation

The process where an industry regulates itself without intervention from governmental bodies, typically through the establishment of codes of conduct, standards, and practices.