Answer: Option(b) is correct
Explanation:
Positive economics is the field where economy is studied and analysed without predicting about its judgement in terms of goodness or badness. This theory defines about cause and effect that causes economic processes and behavior.
Other options are incorrect because operation of federal government and price level is not set by positive economics also does not describe value decisions and expectation about economy should operate. Thus, the correct option is option(b) .
Answer: B
Explanation:
Opportunity cost is a profit or benefit that must be given up on order to acquire something else. Every resource such as money, land, and time can be put to a different use, therefore every choice, action, or decision has an opportunity cost.
Opportunity cost is the value or worth of the next best thing that one gives give up whenever a decision is made. It is the loss of a potential gain from another alternatives when a different alternative is chosen.
When a city invests in repairing its road, the opportunity cost can be not able to afford a museum because the money that could have been used to build a museum has been used for the road.
I am not sure but my best guess is <span>b. a group of people who mostly agree on the best way to achieve certain goals in government
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Answer:
I think it is C but not 100% sure
Explanation:
You may want to repost this question with the diagram described in the question.
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