Question

ECONOMICS* No one is on and answer in economics. MEDALS<3

Which statement best describes a production possibilities curve?

a microeconomic model
a normative economic model
a model showing consumer trade-offs
a model showing production trade-offs

25. How could you best describe an economic policy put forward as a solution to a national problem?

as normative macroeconomics
as positive macroeconomics
as normative microeconomics
as positive macroeconomics