7. What is the difference between positive and normative analysis? Which of the following questions would entail

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7. What is the difference between positive and normative analysis? Which of the following questions would entail positive analysis, and which normative analysis?

a) What effect will Internet auction companies have on the profits of local automobile dealerships?

b) Should the government impose special taxes on sales of merchandise made over the Internet?

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Oct 12, 2024 09:00 AM

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7. What is the difference between positive and normative analysis? Which of the following questions would entail

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Microeconomics

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