ECON 2030 Chapter : Econ 2030 Jan 23
Document Summary
Value based no solution to a debate of this nature even if false, still a positive statement (still testable with hypothesis) factual based. Positive-are testable statements about how the world works normative-prescriptive in nature; how the world ought to be. Economics about relationships, patterns of behavior, causal chains of reasoning can be described in a variety of ways: verbally, mathematically, graphically y relationships depicted in form of graph slope, inverse or direct relationships of x and y. However you are comfortable best representing the data, as long as it"s correct. Look at labels of clothes you wear, what is the company of origin think about all of the steps from farm to shirt and all of the people involved in that process globally. If you can take a phrase apart, you can figure out what the idea/thing is. D could move to point d and get more food and clothing clothing.
