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ECO 450 WEEK 3 QUIZ
Question 1
Which of the following is a normative statement?
Question 2
If a government desires to increase production beyond the current competitively determined efficient level, the government should:
Question 3
If the efficient output of a good is produced each week, then the:
Question 4
Normative economics:
Question 5
Diamonds are sold by a monopoly firm that maximizes profits. Then it follows that: