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Question

1. When economists are trying to explain the world, they area.scientists.b.policy advisers.c.in the realm of microeconomics rather than macroeconomics.d.in the realm of normative economics rather than positive economics.

2. When economists are trying to help improve the world, they are _________________________.

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3. For economists, statements about the world are of two types:a.assumptions and theories.b.true statements and false statements.c.specific statements and general statements.d.positive statements and normative statements.

4. Normative statements are a.prescriptive, whereas positive statements are descriptive.b.descriptive, whereas positive statements are prescriptive.c.backward-looking, whereas positive statements are forward-looking.d.forward-looking, whereas positive statements are backward-looking.

5. When an economist is asked a question like “why is unemployment higher for teenagers than for older workers?”

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