Economic methodology (1.1.1) 0.0 / 5 ? EconomicsEconomic methodology (1.1.1)ASAQA Created by: lee42Created on: 05-04-19 09:49 What is the meaning of cetris paribus? All other things being equal 1 of 6 What is a value Judgement? Is a judgement of the rightness/wrongness of something 2 of 6 What is a Normative statement? expresses a value judgement whether the situation is desirable or not 3 of 6 What is a positve statement? A positive statement is one that can be tested and verified and is not based on a value judgment. 4 of 6 What is scarcity? It is when our wants and needs are greater than the amount of available resources 5 of 6 What are economic decisons? Societal,business,individual and family 6 of 6
Government economic policy objectives and indicators of national economic performances DEFINITIONS 0.0 / 5
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