An example of ‘positive’ economic analysis would be:
A. An analysis of the relationship between the price of food and the quantity purchased.
B. Determining how much income each person should be guaran-teed.
C. Determining the ‘fair’ price for food.
D. Deciding how to distribute the output of the economy.
Answer:A
An example of ‘positive’ economic analysis would be:
A. An analysis of the relationship between the price of food and the quantity purchased. B. Determining how much income each person should be guaran-teed. C. Determining the ‘fair’ price for food. D. Deciding how to distribute the output of the economy.