Question: fQUESTION 22 A decrease in consumer incomes will: 0 a. decrease the demand for an inferior good. 0 b. decrease the supply of an inferior

$\fQUESTION 22 A decrease in consumer incomes will: 0 a. decrease$ the demand for an inferior good. 0 b. decrease the supply of an inferior good 0 c. increase the demand for a normal good. 0 d.do none ofthe above QUESTION 23 A good economic theory: 0 a.always provides a highly demiled analysis of an economic sector. 0 b.rests on realistic assumptions. 0 C. explains munmic behavior and predicts well. 0 d. can best be expressed maremacally, QUESTION 24 Which of line following is a shaman: of positive economics? 0 a. The inmme tax reduce:

mettax incomes of the rich. 0 b.Aredue1ion intaxrm makes the met-tax distrihmion

of income fairer. O c. Tax rates ought to be reduced so

\fQUESTION 22 A decrease in consumer incomes will: 0 a. decrease the demand for an inferior good. 0 b. decrease the supply of an inferior good 0 c. increase the demand for a normal good. 0 d.do none ofthe above QUESTION 23 A good economic theory: 0 a.always provides a highly demiled analysis of an economic sector. 0 b.rests on realistic assumptions. 0 C. explains munmic behavior and predicts well. 0 d. can best be expressed maremacally, QUESTION 24 Which of line following is a shaman: of positive economics? 0 a. The inmme tax reduce: mettax incomes of the rich. 0 b.Aredue1ion intaxrm makes the met-tax distrihmion of income fairer. O c. Tax rates ought to be reduced so that people will work more. 0 d. All of the above are succulents of positive economics. QUESTION 25 Which uflhe following is an exmle of micmecunomic analysis? 0 a. impact of median on national income Q haul: of increase in the national debt 0 'c. relnonship between ination and interest rates set by the Federal Reserve he of the above

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