Introduction to...

Identify what is normative statements concern?

Which of the following is not correct?

Which of the following would not move the PPF for this economy close to point W?

Which of the following statements are positive statements?
(i) India is overpopulated.
(ii) Agricultural income should be taxed.
(iii) Service-class people should be exempted from income tax.
(iv) There is tremendous tax evasion in India.

Which of the following is likely to cause an inward shift in country's PPC?

The various combinations of goods that can be produced in any economy when it uses its available sources and technology efficiently are depicted by ________________.

An outward shift in the producation possibiity curve implies that ______.

Positive economics deals with _______.

Positive economics remains strictly neutral towards ends. This means that ____________.

A higher indifference curve denotes a _____________.