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The following statements about positive economic analysis is false-
There is much more disagreement among economists over positive economic analysis than over normative economic analysis.
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Which of the following statements about positive economic analysis is false? There is much more disagreement...
I am not sure about my answer 17. Agreement and disagreement among economists Suppose that Gilberto,...
I am not sure about my answer
17. Agreement and disagreement among economists Suppose that Gilberto, an economist from an AM talk radio program, and Juanita, an economist from a nonprofit organization on the West Coast, are arguing over government bailouts. The following dialogue shows an excerpt from their debate: Juanita: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. Gilberto: Indeed, it's gotten crazyl A government bailout of severely...
Which one of the following statements about positive externalities is false? A. A positive externality is...
Which one of the following statements about positive externalities is false? A. A positive externality is a positive side effect of an economic transaction that affects those not directly involved in the transaction B. Installing a solar panel produces a positive externality C. Unregulated markets produce too few of the goods and services that have positive externalities. D. Markets with positive externalities do not need government intervention to operate efficiently E. Positive externalities represent an additional benefit to society, over...
Which one of the following statements about positive externalities is false? a. A positive externality is...
Which one of the following statements about positive externalities is false? a. A positive externality is a positive side effect of an economic transaction that affects those not directly involved in the transaction. b. Unregulated markets produce too few of the goods and services that have positive externalities. c. Installing a solar panel produces a positive externality. d. Markets with positive externalities do not need government intervention to operate efficiently. e. Positive externalities represent an additional benefit to society, over...
8. Agreement and disagreement among economists Imagine that Kenji, an economist from a research institute in...
8. Agreement and disagreement among economists Imagine that Kenji, an economist from a research institute in Melbourne, and Lucia, an economist from a nonprofit organisation in Western Australia, are arguing over budget deficits. The following dialogue shows an excerpt from their debate: Lucia: Most people recognise that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Kenji: I believe that a cut in income tax...
11. Are the following statements true or false? Explain your answers. a. "When people must pay...
11. Are the following statements true or false? Explain your answers. a. "When people must pay higher taxes on their wage earnings, it reduces their incentive to work” is a positive statement. b. "We should lower taxes to encourage more work” is a positive statement. c. Economics cannot always be used to completely decide what society ought to do. d. “The system of public education in this country generates greater benefits to society than the cost of running the system”...
Which of the following statements is false? A. If investors have a high disagreement concerning the...
Which of the following statements is false? A. If investors have a high disagreement concerning the value of a publicly traded firm, and it is also difficult to short sell the firm’s shares, then the firm’s stock might become overpriced. B. During bubbles, the behavior of many investors appears irrational. C. Most tests of technical analysis strongly suggest that past returns and other market generated data can be easily exploited to create portfolios that generate positive alphas. D. Portfolios of...
Which of the following statements about positive analysis is correct? A Positive analysis is concerned with...
Which of the following statements about positive analysis is correct? A Positive analysis is concerned with what ought to be B. Positive analysis can be used to determine whether policies are good or bad. C. Positive analysis involves value judgments D. Positive analysis is concerned with what is.
Problem 9: Which of the following statements about the role of institutions in economic growth is...
Problem 9: Which of the following statements about the role of institutions in economic growth is TRUE and which of the following statements is FALSE? Explain. (a) Higher expropriation risk due to low-quality governance and poor insti- tutions might account for low levels of human and public capital in poor nations (b) The quality of institutions in countries colonized by Europeans is corre- lated with whether climate/disease allowed European settlers to live in those areas (c) Low-quality institutions make it...
Which one of the following statements is false? a. Wage-risk analysis can be used to estimate...
Which one of the following statements is false? a. Wage-risk analysis can be used to estimate the value of a statistical life. b. Economic studies have concluded that the social rate of time preference is currently around 5%. c. One method used to determine the discount rate is the rate of return on low-risk investments. d. The social rate of time preference will increase if the annual growth rate of consumption increases. e. Economists adjust estimates for inflation by presenting...
can you please explain these as well Classify each of the following statements as positive (fact...
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...
I am not sure about my answer
17. Agreement and disagreement among economists Suppose that Gilberto, an economist from an AM talk radio program, and Juanita, an economist from a nonprofit organization on the West Coast, are arguing over government bailouts. The following dialogue shows an excerpt from their debate: Juanita: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. Gilberto: Indeed, it's gotten crazyl A government bailout of severely...
8. Agreement and disagreement among economists Imagine that Kenji, an economist from a research institute in Melbourne, and Lucia, an economist from a nonprofit organisation in Western Australia, are arguing over budget deficits. The following dialogue shows an excerpt from their debate: Lucia: Most people recognise that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Kenji: I believe that a cut in income tax...
11. Are the following statements true or false? Explain your answers. a. "When people must pay higher taxes on their wage earnings, it reduces their incentive to work” is a positive statement. b. "We should lower taxes to encourage more work” is a positive statement. c. Economics cannot always be used to completely decide what society ought to do. d. “The system of public education in this country generates greater benefits to society than the cost of running the system”...
Problem 9: Which of the following statements about the role of institutions in economic growth is TRUE and which of the following statements is FALSE? Explain. (a) Higher expropriation risk due to low-quality governance and poor insti- tutions might account for low levels of human and public capital in poor nations (b) The quality of institutions in countries colonized by Europeans is corre- lated with whether climate/disease allowed European settlers to live in those areas (c) Low-quality institutions make it...
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...
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