Question
1. Make a normative statement. Please then write a new sentence on the same topic that would be a positive statement . For example: Normative:
1. Make a normative statement. Please then write a new sentence on the same topic that would be a positive statement. For example:
Normative: Replacing Federal Reserve Chair Janet Yellen with Jerome Powell was a smart move. Positive: Jerome Powell replaced Janet Yellen as Chair of the Federal Reserve Bank.
2. Podcast link: https://www.npr.org/2021/01/08/955018944/the-bees-go-to-california-classic
Wes Card is a beekeeper. He cares for his bees and harvests their honey for several months of the year. But, come spring, he ships his bees toLouisiana, Texas, New Mexico, Arizona and California--to put the bees to work as master pollinators.
Question: Why would bees be important to agribusiness or small farms? Couldn't robots be developed to replace them? Why or why not? In your opinion (yes, this is normative), do the marginal benefits of shipping the bees exceed the marginal costs? How would you address the costs? Please keep in mind what you learned this week about absolute and comparative advantage --- do the bees or robots have absolute advantage? Who do you think has comparative advantage?
Please include a lot of details. Thank you!
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