Homework Answers
Answer: ( C)
Value judgement is related to the normative statements. it is advisory in nature. it says that what should be done. it does not reveal actual facts.
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A normative statement is one that Select one . O .applies only to microeconomics bo .applies...
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...
Microeconomics is concerned with Select one a .the aggregate or total levels of income, employment, and...
Microeconomics is concerned with Select one a .the aggregate or total levels of income, employment, and output . bo .establishing an overall view of the operation of the economic system co positive economics, but not normative economics do .a detailed examination of specific economic units that make up the economic system In the circular flow diagram, households get their ability to pay for their consumption expenditures from the Select one .a. revenues they receive for their products O .b.costs they...
Choose the BEST answer. Normative statements are based upon O conjecture O value judgments. facts
Choose the BEST answer. Normative statements are based upon O conjecture O value judgments. facts
Question 1 tests your understanding of macroeconomics and microeconomics. Which statement below is FALSE? Group of...
Question 1 tests your understanding of macroeconomics and microeconomics. Which statement below is FALSE? Group of answer choices B An analysis of the impact of the minimum wage law on the market for unskilled labor in the Bay Area is principally a topic in macroeconomics. A An analysis of how rent control affects the availability of apartments to rent in San Francisco is principally a topic in microeconomics. C Macroeconomics looks at topics like economic growth, money, and the business...
Which of the following is a normative economic statement? With falling home prices and rising mortgage...
Which of the following is a normative economic statement? With falling home prices and rising mortgage interest rates, the amount of foreclosures has increased. B) The federal government is considering raising the gasoline tax to promote the use of public transportation. c) Fashion designers should be allowed to copyright designs to promote innovation. D) Rising global demand for diesel and heating oil has led to increases in the price of crude oil. Question 15 (10 points) The economic analysis of...
Identify the normative statement(s) among the following statement(s). Select one: a. The federal government budget deficit...
Identify the normative statement(s) among the following statement(s). Select one: a. The federal government budget deficit reached 4% of GDP last year. b. The federal government spends too much. c. The federal government's spending is greater than its revenue to the treasury d. the federal government has increased its spending by 5% last year.
Which of the following is a normative statement? O A. A higher price of oil means...
Which of the following is a normative statement? O A. A higher price of oil means that people will buy less. O B. During a recession, unemployment rates rise. O C. The government should keep inflation from rising. O D. Rapid rates of economic growth can lead to environmental damage. Click to select your answer and then click Check Ans All parts showing
An organization's mission statement is Select one: • a. a list of the organization's policies and...
An organization's mission statement is Select one: • a. a list of the organization's policies and procedures. b. the organization's professional values. O c. a public statement designed to declare the type of organization it is. O d. a statement of ethical treatment. Clear my choice "Stealing is wrong unless you are in dire circumstances" is an example of Select one: O a. relativistic theories. b. absolutism theories. c. narrative approaches. O d. normative approaches.
Indicate which of the following molecules is non-polar: Select one: Br: :Br: BO O a O...
Indicate which of the following molecules is non-polar: Select one: Br: :Br: BO O a O b. H-S-H O C. d. :C1: :c:
Which of the following is a normative statement about economic growth? From 1980 to 2016, the...
Which of the following is a normative statement about economic
growth?
From 1980 to 2016, the average annual growth rate for the Mexican economy has been 0.7 percent. Based on that growth rate and using the rule of 70, the number of years it will take real GDP per capita to double in Mexico is approximately Select one: O a. 10 years. b. 22 years. C. 56 years. d. 100 years.
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...
Microeconomics is concerned with Select one a .the aggregate or total levels of income, employment, and output . bo .establishing an overall view of the operation of the economic system co positive economics, but not normative economics do .a detailed examination of specific economic units that make up the economic system In the circular flow diagram, households get their ability to pay for their consumption expenditures from the Select one .a. revenues they receive for their products O .b.costs they...
Choose the BEST answer. Normative statements are based upon O conjecture O value judgments. facts
Which of the following is a normative economic statement? With falling home prices and rising mortgage interest rates, the amount of foreclosures has increased. B) The federal government is considering raising the gasoline tax to promote the use of public transportation. c) Fashion designers should be allowed to copyright designs to promote innovation. D) Rising global demand for diesel and heating oil has led to increases in the price of crude oil. Question 15 (10 points) The economic analysis of...
Identify the normative statement(s) among the following statement(s). Select one: a. The federal government budget deficit reached 4% of GDP last year. b. The federal government spends too much. c. The federal government's spending is greater than its revenue to the treasury d. the federal government has increased its spending by 5% last year.
Which of the following is a normative statement? O A. A higher price of oil means that people will buy less. O B. During a recession, unemployment rates rise. O C. The government should keep inflation from rising. O D. Rapid rates of economic growth can lead to environmental damage. Click to select your answer and then click Check Ans All parts showing
An organization's mission statement is Select one: • a. a list of the organization's policies and procedures. b. the organization's professional values. O c. a public statement designed to declare the type of organization it is. O d. a statement of ethical treatment. Clear my choice "Stealing is wrong unless you are in dire circumstances" is an example of Select one: O a. relativistic theories. b. absolutism theories. c. narrative approaches. O d. normative approaches.
Indicate which of the following molecules is non-polar: Select one: Br: :Br: BO O a O b. H-S-H O C. d. :C1: :c:
Which of the following is a normative statement about economic
growth?
From 1980 to 2016, the average annual growth rate for the Mexican economy has been 0.7 percent. Based on that growth rate and using the rule of 70, the number of years it will take real GDP per capita to double in Mexico is approximately Select one: O a. 10 years. b. 22 years. C. 56 years. d. 100 years.
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