A Positive Economic Statement Does Not Have to Be Verifiable

Q18: An economic model:<br>A) cannot be rejected.<br>B) cannot

Q19: Select the positive statement that completes the

Q20: Normative economics deals with _ and positive

Q21: Land resource includes farming land, forestry and

Q22: Which of the following is a statement

Q24: To abstract from reality in an economic

Q25: An economics textbook is an example of:<br>A)

Q26: Scarcity is a problem:<br>A) that only poor

Q27: The statement: 'John buys more of good

Q28: Ceteris paribus means:<br>A) allowing everything else changing.<br>B)