Get premium membership and access questions with answers, video lessons as well as revision papers.
Positive economics is scientifically testable and involves value free descriptions of economic relationships dealing with " what is" while normative economics involves value judgements about economic relationships and addresses " what should be"
Judiesiz answered the question on June 2, 2018 at 09:12
- State and explain types of efficiencies.(Solved)
State and explain types of efficiencies.
Date posted: June 2, 2018. Answers (1)
- Name the basic goals of development(Solved)
Name the basic goals of development.
Date posted: May 29, 2018. Answers (1)
- Explain the modernization theories of underdevelopment(Solved)
Explain the modernization theories of underdevelopment
Date posted: May 29, 2018. Answers (1)
- What does the term development indicate in a political sense?(Solved)
What does the term development indicate in a political sense?
Date posted: May 29, 2018. Answers (1)
- What does development indicate in economic terms?(Solved)
What does development indicate in economic terms?
Date posted: May 29, 2018. Answers (1)
- State and explain forms of specialization(Solved)
State and explain forms of specialization.
Date posted: May 29, 2018. Answers (1)
- Explain the understanding of the term development(Solved)
Explain the understanding of the term development.
Date posted: May 29, 2018. Answers (1)
- Explain the term ‘marginal rate of technical substitution’ as used in Economics(Solved)
Explain the term ‘marginal rate of technical substitution’ as used in Economics.
Date posted: May 21, 2018. Answers (1)
- Despite the merits acquired from globalization, there are also demerits. Explain briefly four demerits of globalization.(Solved)
Despite the merits acquired from globalization, there are also demerits. Explain briefly four demerits of globalization.
Date posted: May 21, 2018. Answers (1)
- Explain briefly eight benefits of globalization(Solved)
Explain briefly eight benefits of globalization.
Date posted: May 21, 2018. Answers (1)
- Discuss five characteristics of globalization(Solved)
Discuss five characteristics of globalization.
Date posted: May 21, 2018. Answers (1)
- Explain briefly any four applications of the concept elasticity(Solved)
Explain briefly any four applications of the concept elasticity.
Date posted: May 21, 2018. Answers (1)
- Explain briefly the properties of indifference curves(Solved)
Explain briefly the properties of indifference curves
Date posted: May 21, 2018. Answers (1)
- Examine the factors that influence tax revenue in your country.(Solved)
Examine the factors that influence tax revenue in your country.
Date posted: May 19, 2018. Answers (1)
- Explain three benefits of an economic growth in any nation(Solved)
Explain three benefits of an economic growth in any nation.
Date posted: May 16, 2018. Answers (1)
- Discuss FIVE factors that hinder economic development in less developed countries(Solved)
Discuss FIVE factors that hinder economic development in less developed countries.
Date posted: May 16, 2018. Answers (1)
- Explain three types of public enterprises(Solved)
Explain three types of public enterprises.
Date posted: May 16, 2018. Answers (1)
- State the objectives of State Owned Corporations/Enterprises(Solved)
State the objectives of State Owned Corporations/Enterprises.
Date posted: May 16, 2018. Answers (1)
- Discuss FIVE elements of Public Health Care in Kenya(Solved)
Discuss FIVE elements of Public Health Care in Kenya.
Date posted: May 16, 2018. Answers (1)
- Define the term “library catalogue” and explain its importance(Solved)
Define the term “library catalogue” and explain its importance.
Date posted: May 15, 2018. Answers (1)