Which of these statements is positive, which is normative, and why? a. The United States should cut

Question:

Which of these statements is positive, which is normative, and why?

a. The United States should cut its imports.

b. China imports U.S. pork and soybean.

c. If the iPhone price rises, iPhone sales will fall.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

See More Books

Question Posted: Jan 24, 2024 05:00 AM

See More Questions

There are a number of way Education growers might increase demand for their cut roses. Among these are (a) to try to get more consumers to move up-market by buying premium roses, (b) to promote more...
Which of the following statements is positive, which is normative, and which can be tested? a. The United States should cut its imports. b. China is the largest trading partner of the United States....
Which of these statements is true regarding product and period costs? 1. Factory maintenance is a product cost and sales commission is a period cost. 2. Sales commission is a product cost and factory...
Hybrid Corporation began operations in 2018 and during that year purchased equity investments. It owns less than 20% of the voting shares for all companies whose stock it purchased. The year-end cost...
Fig. 6.11 illustrates logarithmic electric conductance as a function of reciprocal temperature (T in kK units) for some n-type semiconductor. Using this plot, find the width of the forbidden band of...
When communicating with someone who has an "I" preference, what can you do to increase effectiveness?
2. Some of the goals should be short term (maybe something you need to finish by the end of this week); others should have a longer time frame (maybe by the end of the semester).
Parisian Cosmetics Company is planning a one-month campaign for September to promote sales of one of its two cosmetics products. A total of $140,000 has been budgeted for advertising, contests,...
' 2-a. Prepare the income statement for May. 2-b. Prepare the statement of retained earnings for May. 2-c. Prepare the balance sheet for May 31. 3. Prepare the statement of cash flows for May. Gabi...
What are the five basic skills needed for an economics job?
Olympics Could Cost More Than $26 Billion Japanese media estimate that overall spending on Japans new expensive national venues is between $26 billion and $28 billion. What is Japans opportunity cost...
Which biome do you think is in the greatest immediate danger from human activities? Why?
Everyone at some point has had issues with time management and procrastination in their work life, academic life and social life. How have you been handling time management issues in your life? Have...
You want to make three peanut butter and jelly sandwiches. What is the best way to make them that's consistent with an agile mindset? Create a sandwich assembly line, applying all the peanut butter...
1 pts Joan Reed exchanges commercial real estate that she owns for other commercial real estate, plus $50,000 cash. The following additional information pertains to this transaction: Property given...
It is believed that 86% of Padres fans would have liked Trevor Hoffman to remain in San Diego to finish out his career as a San Diego Padre. You would like to simulate asking 10 Padres fans their...
The videos below cover why American higher education, including public colleges and universities, is so expensive. They also explore factors that have resulted in the current student loan debt...
What's the purpose of the commitment fee?
You are standing on the top of a building and throw a ball vertically upward. After 2 seconds, the ball passes you on the way down, and 2 seconds after that, it hits the ground below. a. What is the...
Explain what it means to choose at the margin and illustrate with three choices at the margin that you have made today.
Apple Inc. decides to make iTunes freely available in unlimited quantities. a. Does Apples decision change the incentives that people face? b. Is Apples decision an example of a microeconomic or a...
Before starring in Iron Man, Robert Downey Jr. had appeared in 45 movies that grossed an average of $5 million on the opening weekend. In contrast, Iron Man grossed $102 million. a. How do you expect...
Question 7 of 7 0/14 W PIERDERY Current Attempt in Progress Your answer is incorrect Buffalo Corporation adopted the dollar value LIFO retail inventory method on January 1, 2019. At that time the...
Cost of debt with fees . Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 9.9% with semiannual payments, and will use an investment...
Assume that an investment of $100,000 is expected to grow during the next year by 8% with SD 20%, and that the return is normally distributed. Whats the 5% VaR for the investment? A. $24,898 B....

Which of these statements is positive, which is normative, and why? a. The United States should cut

Question:

Step by Step Answer:

When we talk about positive and normative statements in economics were generally distinguishing betw...View the full answer

Economics

Students also viewed these Business questions