Positive Economics Involves Describing, Explaining, or Predicting Economic Events

question 129

True/False

Positive economics involves describing, explaining, or predicting economic events.

---

Definitions:

Water Level

The height of the water surface in a given body of water, such as a river, lake, or ocean, which can vary due to various factors including precipitation and human intervention.

Tank

A large container or receptacle for storing liquids or gases, often used for water, fuel, or chemicals.

Global Sea Level

The average height of the Earth's ocean surface, used as a standard in measuring sea level rise or fall globally.

Ice Volume

The total amount of ice contained within glaciers, ice caps, and ice sheets, often measured to monitor the effects of climate change.