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Is based exclusively on positive analysis c should be

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Unformatted text preview: is based exclusively on positive analysis C. should be independent of political considerations D. none of the above 1 6. Microeconomics A. is the study of resource allocation choices at the aggregate level B. is the study of resource allocation choices at the level of individual households and firms C. is less important than macroeconomics because macroeconomic issues affect the entire economy D. is the study of small economies 7. Macroeconomics A. is the study of resource allocation choices at the aggregate level B. is the study of resource allocation choices at the level of individual households and firms C. is ultimately based on microeconomic choices D. both A and C 8. Economic analysis is the only correct basis for public policy design A. because economics is an objective science B. because history has demonstrated the superiority of markets over other resource allocation systems C. because it is based only on hard facts D. none of the above 9. The study of markets is central to economic analysis because A. m...
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This document was uploaded on 03/03/2014.

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