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The two subfields of economics are positive statements and normative statements.
As student in my economics classes would learn, economics statements can be either 𝘱𝘰𝘴𝘪𝘵𝘪𝘷𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤𝘴 or 𝘯𝘦𝘨𝘢𝘵𝘪𝘷𝘦 𝘦𝘤𝘰𝘰𝘯𝘰𝘮𝘪𝘤𝘴. The difference is that one of these would be statements of fact while the other would be opinion.
Something must be given up if we are to have more scarce resources.
Firms use the factors of production to create capital and dividends.
The government can use deficit spending to increase aggregate demand and pull the economy out of recession.
There are unlimited wants with limited resources
The two subfields of economics are positive statements and normative statements.
As student in my economics classes would learn, economics statements can be either 𝘱𝘰𝘴𝘪𝘵𝘪𝘷𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤𝘴 or 𝘯𝘦𝘨𝘢𝘵𝘪𝘷𝘦 𝘦𝘤𝘰𝘰𝘯𝘰𝘮𝘪𝘤𝘴. The difference is that one of these would be statements of fact while the other would be opinion.
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He was the founfer of stoicism
Christopher R. Thomas has written: 'Selected statements by Ambassador Christopher R. Thomas' -- subject(s): Organization of American States 'Selected statements' -- subject(s): Foreign relations, Organization of American States 'Student workbook to accompany Managerial economics, Maurice and Smithson'
he was the creator of pastoral poetry.follow me on instagram: lexikapono
Something must be given up if we are to have more scarce resources.
Firms use the factors of production to create capital and dividends.
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