Positive Economics

question 36

Multiple Choice

Positive economics

• A) is a theory of behavior in which people are assumed to respond favorably to benefits and negatively to costs.
• B) is a theory of behavior that only counts positive benefits as contributing to the social "good."
• C) is a theory of economics that assumes that labor supply is directly (or positively) related to the level of compensation that employers are willing and able to pay.
• D) closely resembles Newtonian physics in that it better describes the relationship between energy and motion in the economy.

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Definitions:

Butte

A steep-sided, isolated hill or mountain with a flat top, usually formed through the erosion of sedimentary rocks.

Erosion

The process by which natural forces remove soils, rocks, or dissolved material from one location and transport it to another.

Igneous Rock

Rock formed through the cooling and solidification of magma or lava, with diverse types such as basalt and granite.

Metamorphosed

The process through which rocks undergo physical and chemical changes under high temperature and pressure conditions, forming metamorphic rocks.