Which of the following is not an example of a positive, as opposed to normative, statement?...
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Ans.- (B)
Equality is more important than efficiency.
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Which of the following is not an example of a positive, as
opposed to normative, statement?...
6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Positive...
6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Positive Normative Statement A reduction in the rate of money growth will reduce the rate of inflation. Lower tax rates encourage more work and more saving Policy makers face trade-off between equality and efficlency. The government should limit unemployment benefits to last for only two years. Economic development should not take place at the expense of social justice.
6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Positive...
6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Positive Normative Statement A reduction in the rate of money growth will reduce the rate of inflation. Lower tax rates encourage more work and more saving Policy makers face trade-off between equality and efficlency. The government should limit unemployment benefits to last for only two years. Economic development should not take place at the expense of social justice.
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...
6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Statement...
6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Statement The government must take action to reduce the unemployment rate. Society faces a short-run trade-off between inflation and unemployment. A reduction in the rate of money growth will reduce the rate of inflation. Limiting unempioyment benefits to only two years increases the incentive to look for jobs The government should provide basic healthcare to all citizens. Positive Normative Grade It Now Save &
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.
Which of the following two statements is a positive statement? Why is this a positive statement?...
Which of the following two statements is a positive statement? Why is this a positive statement? (a) The Federal Reserve should reduce the rate of money growth in the U.S. (b) A reduction in the rate of money growth by the Federal Reserve will reduce the rate of inflation in the U.S.
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...
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...
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...
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...
6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Positive Normative Statement A reduction in the rate of money growth will reduce the rate of inflation. Lower tax rates encourage more work and more saving Policy makers face trade-off between equality and efficlency. The government should limit unemployment benefits to last for only two years. Economic development should not take place at the expense of social justice.
6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Positive Normative Statement A reduction in the rate of money growth will reduce the rate of inflation. Lower tax rates encourage more work and more saving Policy makers face trade-off between equality and efficlency. The government should limit unemployment benefits to last for only two years. Economic development should not take place at the expense of social justice.
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...
6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Statement The government must take action to reduce the unemployment rate. Society faces a short-run trade-off between inflation and unemployment. A reduction in the rate of money growth will reduce the rate of inflation. Limiting unempioyment benefits to only two years increases the incentive to look for jobs The government should provide basic healthcare to all citizens. Positive Normative Grade It Now Save &
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...
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...
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