Normative and positive statements

If good 1 (apple) is measured on the horizontal axis and good 2 (oranges) is measured on the vertical axis, if the government imposed a quantity tax of T on apples then the slope of the budget line after the tax is imposed is a. smaller than the slope of the budget line before tax b. larger than the slope of the budget line before tax c. the same as the slope of the budget line before tax d. zero

Through economic reasoning, explain the interrelationship with markets and government, while keeping the following statements in mind:   Markets are useful, efficient and flexible institutions through which society can allocate its resources. Markets often produce unwanted results, such as pollution, lack of health care and poverty. Government can play a useful role to remedy the problem of unwanted results created by markets.   Thank you so much for answering my question :) I appreciate the time and effort! I hope you have a good rest of the day/night!

One way to promote a new business is to sell a popular item at a massive discount. If Jared were to open a clothing store and sell high-end dress shoes for $100 a pair, he would likely have a line out the door. How would an economist understand the behavior of those standing in line?

"Whether it's a husband and wife at their dinner table, whether it's a small or large business, or a government, economic principles are all the same: you have to spend less than you make" - State Representative Tom Forese (R., Arizona) in 2011. Explain what's wrong with this idea from a macroeconomic point of view. HTML Editor B IUA A 工E 三三三 xx 三E 田 回 深 T 1 12pt Paragrap

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