QUESTION 32 Positive economic analysis a. involves judgments on how resources should be used in an economy. b. involves the study of firms with positive profits. C. involves how resources are actually used in an economy. d.is usually thought to be a waste of time.
QUESTION 32 Positive economic analysis a. involves judgments on how resources should be used in an economy. b. involves the study of firms with positive profits. C. involves how resources are actually used in an economy. d.is usually thought to be a waste of time.
Chapter14: Transaction Costs, Asymmetric Information, And Behavioral Economics
Section: Chapter Questions
Problem 5.11P
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