Unformatted text preview: theories to make business decisions. 2. Statement a. involves positive economic analysis and statement b. involves normative economic analysis. The two kinds of analysis differ because one kind of analysis describes a relationships of cause and effect while the other looks at how things ought to be. Ex. 2 a. The price of butter has decreased since 1980 b. 2.52-3.929/3.929 = -.359 c. 208.98/100 * 1.99 = 4.159...
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- Economics, Quentin Stephens Jr, good sound theories