Questions: "Macroeconomics is the part of economics concerned with individual units such as a person, a household, a firm, or an industry." This statement is: normative and correct. positive but incorrect. positive and correct. normative but incorrect.

"Macroeconomics is the part of economics concerned with individual units such as a person, a household, a firm, or an industry." This statement is: normative and correct. positive but incorrect. positive and correct. normative but incorrect.
Transcript text: "Macroeconomics is the part of economics concerned with individual units such as a person, a household, a firm, or an industry." This statement is: normative and correct. positive but incorrect. positive and correct. normative but incorrect.
failed

Solution

failed
failed

The answer is B: positive but incorrect.

Explanation for each option:

  • Normative and correct: This option is incorrect because the statement is not normative. Normative statements are subjective and based on opinions or what ought to be. The statement in question is attempting to describe what macroeconomics is, which is a factual claim, not an opinion.

  • Positive but incorrect: This is the correct option. Positive statements are objective and based on facts, describing how things are. The statement is incorrect because macroeconomics is not concerned with individual units like a person, a household, a firm, or an industry. Instead, macroeconomics deals with the economy as a whole, focusing on aggregate measures such as national income, overall employment, inflation, and economic growth.

  • Positive and correct: This option is incorrect because, while the statement is positive, it is not correct. As explained above, macroeconomics does not focus on individual units.

  • Normative but incorrect: This option is incorrect because the statement is not normative. It is attempting to describe a factual aspect of economics, not provide an opinion or value judgment.

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
For each scenario listed on the left, determine whether the scenario represents an Independent Samples or Matched pairs situation by placing the appropriate letter in the box provided. Comparing pre-test scores before training to post-test scores Comparing pain levels before and after treatment with magnetic therapy Comparing pain levels of a group receiving a placebo to a group receiving a medicine a. Matched Pairs b. Independent Samples
failedAnswered
You are given a table showing input and output values for a given function (y1=f(x)). Use the table to answer the question. What is the (y)-intercept of the graph of (y=f(x)) ? (X) (Y 1) 0.00 7.00 1.00 10.00 2.00 13.00 3.00 16.00 4.00 19.00 5.00 22.00 (X=0) A. 0 B. 10 C. 7 D. 1
failedAnswered
Pizzicato is an indication to the performer to do what? Multiple Choice Veil or muffle the tone by fitting a clamp onto the bridge Pluck the string with the finger instead of using the bow Repeat tones by quick up-and-down strokes of the bow Draw the bow across two strings at the same time
failedAnswered
When solving the equation 3^x=5 choose all correct answers Take the natural logarithm of both sides to get ln(3^x)=ln(5) which simplifies to x=ln(5) Use the base 10 logarithm and the property log(m^n)=n log(m) to get log(3^x)=log(5) which simplifies to x log(3)=log(5) Then divide both sides by log(3) Use the natural logarithm and the property ln(m^n)=n ln(m) to get ln(3^x)=ln(5) which simplifies to x ln(3)=ln(5) Then divide both sides by ln(3) Raise both sides to the 1/x power to get 3=5^(1/x)
failedAnswered
A patient is admitted with severe dehydration and hypotension. Which hormone, when delivered, increases water reabsorption? Oxytocin Vasopressin Luteinizing hormone Adrenocorticotropic hormone