take a part-time job, each hour on the job means one less hour for study or play. • A city has a limited amount of land. If the city uses an acre of land for a park, it has one less acre for housing, retailers, or industry. • You have limited income this year. If you spend $17 on a music CD, that’s $17 less you have to spend on other products or to save. differentiate between normative or positive economic questions; - positive analysis, which answers the question “What is?” or “What will…
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