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ECN 204 Chapter 2: ECN204 Notes Chapter 2.doc

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jadegnat800
22 Oct 2012
School
Ryerson University
Department
Economics
Course
ECN 204
Professor
Christos Shiamptanis

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Related Questions

When economists are trying to explain the world, they are: 
 
(i) scientists. 
(ii) policy advisers. 
(iii) in the realm of microeconomics rather than macroeconomics. 
(iv) in the realm of normative economics rather than positive economics 

Economists speaking like policy advisers make...

a. positive statements.
b. descriptive statements.
c. claims about how the world is.
d. claims about how the world should be.

A possible headline from the local media​ is: ​"Unemployment is rising again ​" This headline provides an example of a​ ______. A. normative statement about a microeconomic issue B. positive statement about a microeconomic issue C. positive statement about a macroeconomic issue D. non dash economic normative statement E. non dash economic positive statement