Can you help me come up with the positive economic statements This submission may be handwritten....
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...
can you please explain these as well Classify each of the following statements as positive (fact based) or normative (opinion based). Explain. 1. Society faces a short-run tradeoff between inflation and unemployment. 2. In a market, when quantity supplied exceeds quantity demanded, price tends to fall. 3. When determining tax rates, the government should take into account the income needs of individuals. 4. The Federal Reserve should reduce the rate of growth of money. 5. Lower tax rates encourage more...
Please help me with my Economics Homework? 1. For each of the following situations, identify the full cost (opportunity cost) involved Monique quits her $75,000 per-year job as an accountant to become a full-time volunteer at a women's shelter O A. O B. O C. The opportunity cost of volunteering at the shelter is the wages she gave up The opportunity cost of Monique's decision is the value of the next-best alternative not chosen. The opportunity cost of Monique's decision...
Hello can someone please help me with this queshtion its 3 time I post this please. The queshtion is in the buttom. Im really confused from what to choose I have been second guessing myself. The Economics of Immigration Paul Krugman In 1970, only 5% of U.S. workers had been born abroad. By 2016, however, 17% of American workers had immigrated to the United States, both legally and illegally. (1) Figure 1: Percentage of U.S. labor force that is foreign-born...
Can I get help with this queshtion. Heres the article i was not sure in what category they will have to be in. This was the only way to post it and it starts where it says THE QUESHTION STARTS FROM HERE. The Economics of Immigration Paul Krugman In 1970, only 5% of U.S. workers had been born abroad. By 2016, however, 17% of American workers had immigrated to the United States, both legally and illegally. (1) Figure 1: Percentage...
Hello, can I get help with this queshtion. Heres the article. It's one queshtion asking for 2 parts. The Economics of Immigration Paul Krugman In 1970, only 5% of U.S. workers had been born abroad. By 2016, however, 17% of American workers had immigrated to the United States, both legally and illegally. (1) Figure 1: Percentage of U.S. labor force that is foreign-born Source: U.S. Bureau of Labor Statistics After years of simmering in the background, in 2016–2017 disputes about...
please help with a detailed, fully explained answer for Question 2. thank you Read the case study below and answer the questions. SHORT RUN STABILIZATION AND LONG RUN COMPETITIVENESS: THE LAVITAN CASE Growth of a young country Latvia - a small, young country on the east coast of the Baltic Sea -has recently earned the title of a "tiger". After gaining its independence from the Soviet Union in 1991, the country embarked upon a challenging road of transitioning from a...