Analysis That Is Limited to Making Either Purely Descriptive Statements

question 112

Multiple Choice

Analysis that is limited to making either purely descriptive statements or scientific predictions is

• A) positive economics.
• B) normative economics.
• C) microeconomics.
• D) macroeconomics.

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Definitions:

Product

An item or substance that is manufactured or refined for sale.

Multiplying

The mathematical operation of increasing one number by the value of another, resulting in a total that is the product of the two numbers.

Kilo-

A prefix in the metric system representing one thousand (1000) of the unit it precedes.

Decimal

Numbers that are expressed as a fraction of a part using 10 as its base number; it also refers to the period used to separate a whole number from a fraction, as in 10.2, otherwise read as “ten and two-tenths.”