Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

s 79-80 explore the difference between positive and normative economics. 80. Here are three statements about what economists think about free trade and protection. I

s 79-80 explore the difference between positive and normative economics. 80. Here are three statements about what economists think about free trade and protection. I Most economists believe that free trade benefits both parties to an exchange. II Most economists believe that tariffs and quotas reduce the gains from exchange. III Most economists believe that the government should allow free trade. Choose the correct option from the list below. BE CAREFUL! A All three are positive statements. B I and II are positive statements, and III is a normative statement. C All three are normative statements

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

Macroeconomics Principles and Applications

Authors: Robert E. Hall, Marc Lieberman

6th edition

1111822352, 1111822354, 9781133708742 , 978-1111822354

More Books

Students also viewed these Economics questions

Question

What are the assumptions of the test based on the ????-ratio?

Answered: 1 week ago