Question

"Society would be better off if the welfare system were abolished" is a normative statement, not a positive statement.

Question 1 options:

	True
	False

Question 2 (1 point)

An assumption of the production possibilities frontier model is that technology is fixed.

Question 2 options:

	True
	False

Question 3 (1 point)

Points inside the production possibilities frontier represent feasible levels of production.

Question 3 options:

	True
	False

Answer 1

Answer 1 Option a True

It is a normative statement that Society would be better off if the welfare system were abolished" The reason is that normative deals with what ought to be and gives solution of economic problem.

Answer 2 Option True

It is true that production possibilities frontier model is that technology is fixed.It represent that two goods can be produced with the help of given resources and technology.Therefore technology is fixed.

Answer 3 True

It is true that Points inside the production possibilities frontier represent feasible levels of production.