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Address the following questions in an essay or short-answer form with references. What is the difference between positive and normative economics? Give a real-time example
Address the following questions in an essay or short-answer form with references.
- What is the difference between positive and normative economics? Give a real-time example of each that you found in doing some outside research.
- After doing some additional research on your own along with the assigned reading on public goods.......
- What are the two main characteristics of this type of good?
- What is the biggest "problem" with allocating public goods?
- Do you think the government should have a role in allocating public goods, or should goods be privatized?
Reference
Here is a great site that offers definitions and examples of economic terms literally from A to Z
https://tinyurl.com/6rxna6a
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