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AndrewKraus AndrewKraus
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7 years ago
Classify the following as positive economics statements or normative economics statements.
a)   An increase in an individual's income increases consumption, but by an amount less than the increase in income.
b)   The government should undertake the responsibility of providing healthcare to all its citizens.
c)   A trade deficit can be advantageous to an economy.
d)   An increase in net exports has a positive effect on a country's national income.
e)   The gross domestic product of India is increasing at 5% annually.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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7 years ago
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AndrewKraus Author
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#2
7 years ago
I'll share this with my friends, thank you for being there
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