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A- What is the difference between disagreeing about a positive statement and disagreeing about a normative...
5. What is the difference between a positive economic statement and a normative economic statement? Determine...
5. What is the difference between a positive economic statement and a normative economic statement? Determine whether each of the following is primarily a positive economic statement or normative economic statement: A) The current unemployment rate is below 4% in 2018 B) The inflation rate in the United States is too low C) The Government should increase the minimum wage D) U.S. trade restrictions cost consumers $125 billion annually
5-People confuse correlation with causation because correlation means that: two events occur together. Since the two...
5-People confuse correlation with causation because correlation means that: two events occur together. Since the two often occur together, people often believe that one causes the other. the other. most events occur together. Since most events occur together, people often believe that events cannot be predicted most events occur together. Since most events occur together, people often believe that events can be You may have seen TV advertisements for products or programs that claim to teach a surefire way to...
Indicate whether each of the following news items is a positive or a normative statement. 1....
Indicate whether each of the following news items is a positive or a normative statement. 1. A ban on smoking will lower the healthcare budget 2. Nuclear energy is cleaner than coal and oil based energy 3. More police on inner-city streets will lower the crime rate. 4. Netflix original programming is better than network TV shows. Statement 1 is a statement, and statement 2 is a statement O A. normative, normative O B. positive, positive O C. normative, positive...
In Chapter 2 we learned about the important differences between positive and normative economic statements. Consider...
In Chapter 2 we learned about the important differences between positive and normative economic statements. Consider the following arguments in favor of and against airbags. Analyze the positive versus normative arguments. What statements of positive economics are used to support requiring air bags? What normative reasoning is used? Be sure to justify your identification of each type of statement. Technological advances continuously provide new high- tech options to save lives that add to the price of cars, such as cameras,...
14. Indicate and explain whether each of the following is a positive or normative statement a....
14. Indicate and explain whether each of the following is a positive or normative statement a. The unemployment rate in the United States was 6.8% in August of 1991. b. The general price level rose by 4.4% last year. c. Inflation should be reduced by government policies. d. The government should provide health insurance for all. e. About 48 million people are currently estimated to be uninsured.
Which of the following is not an example of a positive, as opposed to normative, statement?...
Which of the following is not an example of a positive, as opposed to normative, statement? a. Higher gasoline prices will reduce gasoline consumption. b. Equality is more important than efficiency. c. Trade restrictions lower our standard of living. d. If a nation wants to avoid inflation, it will restrict the growth rate of the quantity of money.
Explain whether each of the following statements is an example of Normative Economics or Positive Economics?...
Explain whether each of the following statements is an example of Normative Economics or Positive Economics? Please explain each answer by stating clearly what about each statement made you answer normative or positive. (If you say the statement is testable or not testable, you must tell me exactly why you said so. Be as clear as possible to avoid losing points.) (a) Too many people in California are on welfare assistance. (b) The Trump Tax cuts will lead to lower...
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.
Oral communications class The difference between a thesis statement and the general purpose of the speech...
Oral communications class The difference between a thesis statement and the general purpose of the speech is.... A. The thesis statement identifies the main idea of the speech where the general purpose statement explains you want to achieve with the speech. B. The general purpose statement offers your opinion of the speech, the thesis statement provides the facts. C. The thesis statement is longer and more detailed than the general purpose statement. D. The thesis statement and the general purpose...
When an economist makes a positive economics statement, she is stating: A. an opinion about what...
When an economist makes a positive economics statement, she is stating: A. an opinion about what should be B. a fake news perspective C. a fact about what is D. a hoped-for outcome Over winter break, John worked full-time at his retail job and earned $2,000. John is deciding between spending the $2,000 to take a vacation trip to Cancun, or buying a more reliable used car. He decides to buy the car. John's opportunity cost of spending the $2,000...
5-People confuse correlation with causation because correlation means that: two events occur together. Since the two often occur together, people often believe that one causes the other. the other. most events occur together. Since most events occur together, people often believe that events cannot be predicted most events occur together. Since most events occur together, people often believe that events can be You may have seen TV advertisements for products or programs that claim to teach a surefire way to...
Indicate whether each of the following news items is a positive or a normative statement. 1. A ban on smoking will lower the healthcare budget 2. Nuclear energy is cleaner than coal and oil based energy 3. More police on inner-city streets will lower the crime rate. 4. Netflix original programming is better than network TV shows. Statement 1 is a statement, and statement 2 is a statement O A. normative, normative O B. positive, positive O C. normative, positive...
In Chapter 2 we learned about the important differences between positive and normative economic statements. Consider the following arguments in favor of and against airbags. Analyze the positive versus normative arguments. What statements of positive economics are used to support requiring air bags? What normative reasoning is used? Be sure to justify your identification of each type of statement. Technological advances continuously provide new high- tech options to save lives that add to the price of cars, such as cameras,...
14. Indicate and explain whether each of the following is a positive or normative statement a. The unemployment rate in the United States was 6.8% in August of 1991. b. The general price level rose by 4.4% last year. c. Inflation should be reduced by government policies. d. The government should provide health insurance for all. e. About 48 million people are currently estimated to be uninsured.
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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