Homework Answers
Positive statements are the statements based in the facts. these can be proved by the number unlike normative statements that are just opinion that cannot be proved.
The answer is "C", the way things are.
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Question 8 In economics, positive statements are about O the way things ought to be. O...
Reply to this discussion question: Categorize each of the following statements as examples of either positive...
Reply to this discussion question: Categorize each of the following statements as examples of either positive or normative economics, and as examples of either macroeconomics or microeconomics and explain your choice. A. Monetary policymakers should do everything they can to reduce the unemployment rate. B. If there is an increase in the price of gasoline, the quantity purchased will decrease. C. Budget deficits typically lead to higher rates of inflation. D. It is important to invest in preschool programs to...
Question 10 The study of the choices made by individuals is part of the definition of...
Question 10 The study of the choices made by individuals is part of the definition of O positive economics O microeconomics O normative economics. O macroeconomics
Select the best choice that completes each sentence. statements say something about how the world ought...
Select the best choice that completes each sentence. statements say something about how the world ought to be. Microeconomic statements say something that descerihes how the world curemty is. Macroeconomic Positive Normative Select the best choice that completes each sentence. statements say something about how the world ought to be. statements say something that describes how the world currently is. 1S. Positive Normative Macroeconomic Microeconomic
Question 9 Normative economic statements O describe the process of economic policy-making. O deal with economic...
Question 9 Normative economic statements O describe the process of economic policy-making. O deal with economic hypotheses that are not well-established laws of economics. O describe what is, rather than what ought to be O describe what ought to be.
Classify each of the following statements as positive or normative. Positive Normative Statement Firms can increase...
Classify each of the following statements as positive or normative. Positive Normative Statement Firms can increase sales by lowering product prices. Lower tax rates encourage more work and more saving. Economic development should not take place at the expense of social Justice. Society should reduce pollution at all costs. A reduction in the rate of money growth will reduce the rate of inflation. Classify the following topics as relating to microeconomics or macroeconomics. Topic The relationship between the inflation rate...
A.İhe talent for organizing the use of land, labor and capital, un ngoher things skill in...
A.İhe talent for organizing the use of land, labor and capital, un ngoher things skill in influencing government regulators and legislators C. accumulated technical knowledge in using labor and capital. o he 35. Here are three things you could do if you do not attend your economics class: watch television with some friends (you value this at $25), read a good novel (you value this at 513), or go in to work (you could earn $20 during the economics class)....
Philosophers draw a distinction between positive statements, which describe the world as it is, and s,...
Philosophers draw a distinction between positive statements, which describe the world as it is, and s, which describe how the world should be. O A. normative statement O B. budget constraint O c. Trade-off O D. opportunity cost The economic concept of scarcity means that wants are greater than theresources available to satis those wants: 0 A. Hard to find O B. Expensive O C. Bountiful ○ D· Limited 1 poi 1 point The basic difference between macroeconomics and microeconomics...
Categorize examples of either positive or normative economics, and as examples of either macroeconomics or microeconomics...
Categorize examples of either positive or normative economics, and as examples of either macroeconomics or microeconomics and why is that? 1. Monetary policymakers should do everything they can to reduce the unemployment rate. 2. If there is an increase in the price of gasoline, the quantity purchased will decrease. 3. Budget deficits typically lead to higher rates of inflation. 4. It is important to invest in preschool programs to improve labor-market outcomes for individuals when they reach adulthood.
Economics is about trading things you have for the things you want? True or false
Economics is about trading things you have for the things you want? True or false
The determination of prices in the market for automobiles is primarily a concern of positive economics....
The determination of prices in the market for automobiles is primarily a concern of positive economics. normative economics microeconomics. macroeconomics. Question 11 (1 point) Scarcity would cease to exist as an economic problem if we learned to cooperate and not compete with each other there were new discoveries of an abundance of natural resources output per worker increased none of the above. Question 12 (1 point) If individuals who sit in the back of the classroom receive lower grades on...
Question 10 The study of the choices made by individuals is part of the definition of O positive economics O microeconomics O normative economics. O macroeconomics
Select the best choice that completes each sentence. statements say something about how the world ought to be. Microeconomic statements say something that descerihes how the world curemty is. Macroeconomic Positive Normative Select the best choice that completes each sentence. statements say something about how the world ought to be. statements say something that describes how the world currently is. 1S. Positive Normative Macroeconomic Microeconomic
Question 9 Normative economic statements O describe the process of economic policy-making. O deal with economic hypotheses that are not well-established laws of economics. O describe what is, rather than what ought to be O describe what ought to be.
Classify each of the following statements as positive or normative. Positive Normative Statement Firms can increase sales by lowering product prices. Lower tax rates encourage more work and more saving. Economic development should not take place at the expense of social Justice. Society should reduce pollution at all costs. A reduction in the rate of money growth will reduce the rate of inflation. Classify the following topics as relating to microeconomics or macroeconomics. Topic The relationship between the inflation rate...
A.İhe talent for organizing the use of land, labor and capital, un ngoher things skill in influencing government regulators and legislators C. accumulated technical knowledge in using labor and capital. o he 35. Here are three things you could do if you do not attend your economics class: watch television with some friends (you value this at $25), read a good novel (you value this at 513), or go in to work (you could earn $20 during the economics class)....
Philosophers draw a distinction between positive statements, which describe the world as it is, and s, which describe how the world should be. O A. normative statement O B. budget constraint O c. Trade-off O D. opportunity cost The economic concept of scarcity means that wants are greater than theresources available to satis those wants: 0 A. Hard to find O B. Expensive O C. Bountiful ○ D· Limited 1 poi 1 point The basic difference between macroeconomics and microeconomics...
The determination of prices in the market for automobiles is primarily a concern of positive economics. normative economics microeconomics. macroeconomics. Question 11 (1 point) Scarcity would cease to exist as an economic problem if we learned to cooperate and not compete with each other there were new discoveries of an abundance of natural resources output per worker increased none of the above. Question 12 (1 point) If individuals who sit in the back of the classroom receive lower grades on...
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