Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone double check my work? 2) Classify each of the following statements as positive or normative. a) Lower tax rates encourage more work and

Can someone double check my work?

image text in transcribed
2) Classify each of the following statements as positive or normative. a) Lower tax rates encourage more work and more saving. Positive b) Society faces short-run trade-off between inflation and unemployment. Positive c) It is hard to find a good new friend. Normative d) Friendship should be about trust, compassion, equality, and honesty. Normative

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Law

Authors: Jeffrey F Beatty, Susan S Samuelson

3rd Edition

0324537123, 9780324537123

More Books

Students also viewed these Economics questions

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago

Question

7. How can the models we use have a detrimental effect on others?

Answered: 1 week ago