Indicate whether each of the following statements is true or false. If the statement is false, change

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Indicate whether each of the following statements is true or false. If the statement is false, change it to make it true.

a. Positive analysis imposes the value judgments of one individual on the decisions of others.

b. Rational self-interest is the same thing as selfishness.

c. An economic good is scarce if it has a positive price.

d. An economic bad is an item that has a positive price.

e. A resource is an ingredient used to make factors of production.

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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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