Economists View Positive Statements as

question 41

Multiple Choice

Economists view positive statements as

• A)affirmative,justifying existing economic policy.
• B)optimistic,putting the best possible interpretation on things.
• C)descriptive,making a claim about how the world is.
• D)prescriptive,making a claim about how the world ought to be.

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Definitions:

Geographic Market

A specific area or region in which a company aims to sell its products or services, determined by geographical boundaries.

Monopolization

The process or state where a single company or entity gains exclusive control over a particular market or industry, often regarded negatively due to its impact on competition.

Horizontal Price Fixing

An illegal practice where competitors agree to set their prices at a certain level, rather than competing fairly.

Shipping Fees

Charges applied for transporting goods from one location to another.