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Problems and Applications Q6 Classify each of the following statements as positive or normative. Statement Positive Normative The government should provide basic healthcare to all
Problems and Applications Q6
Classify each of the following statements as positive or normative.
| Statement | Positive | Normative | |
|---|---|---|---|
| The government should provide basic healthcare to all citizens. | |||
| The government should provide subsidies to domestic export industries. | |||
| Firms can increase sales by lowering product prices. | |||
| A price set at lower than the equilibrium price will lead to shortages. | |||
| Investment increases when interest rates fall. |
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
