The art of economics is: Multiple Choice purely subjective so that the economist does not have to strive for the same level of objectivity that positive or normative economists do. the application of the knowledge gained by positive economics to the goals set in normative economics. the branch of economics farthest removed from practical application, since its goal is to create the most elegant mathematical models. purely technical and therefore more objective than positive or normative economics.
Added by Paul G.
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Step 1: The art of economics involves applying economic principles and theories to real-world situations. Show more…
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