Which of the following are examples of positive economics? (please choose all the answers that are correct)     Input market supply can be affected differntly under the income or substitution effects of price changes.     The law of demand does not hold for all goods.     Fewer price controls increases the standard of living     Government should invest in public goods     The unemployment rate in the United States spiked during the COVID pandemic

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A: Study of economics can be divided into two branches, microeconomics and macroeconomics.

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Q: Behavioral economics is the field of economics that

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A: Thinking on the margin will be a situation where you take the every possible opportunity.

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Q: The human effort applied to the production of goods is called in economics

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Q: The economic perspective refers to:         macroeconomic phenomena, but not microeconomic…

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A: Paul Samuelson has made fundamental contributions in almost all the branches of the economic theory.

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