Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Question
Chapter 1, Problem 6SPA
(a)
To determine
Positive statement or normative statement.
(b)
To determine
Positive statement or normative statement.
(c)
To determine
Positive statement or normative statement.
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Students have asked these similar questions
Ghana's president is also very interested in banning the imports of food in order to increase nutrition in her country. What is the logic behind this? Will it work?
Based off of these choices, which of the following are facts about the U.S. economy? Select all that apply.
A. Chinese imports account for less than 20% of all imports into the United States.
B. The standard of living in the United States (as measured by real GDP per person) is higher now than it was 50 years ago.
C. Most of the goods Americans buy are made in China.
D. Federal government jobs have grown rapidly over the past few decades.
Question 12 of 23
Classify each of the statements as an example of positive or normative analysis..
The
sugar quota in the United States costs consumers $6.08 billion a year.
Positive
Higher tariffs on imported automobiles would decrease the demand for Normative
foreign made cars.
International trade should be be limited because it can cause some workers
Positive
to lose their jobs.
International trade makes some people better off and some people Normative
worse off.
The U.S. should impose import quotas in the market for consumer
Normative
electronics to help domestic workers.
The sugar quota in the U.S. is good public policy and should be
Positive
made stronger.
Answer Bank
Normative
Positive
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Chapter 1 Solutions
Macroeconomics
Ch. 1.1 - Prob. 1RQCh. 1.1 - Prob. 2RQCh. 1.1 - Prob. 3RQCh. 1.2 - Prob. 1RQCh. 1.2 - Prob. 2RQCh. 1.3 - Prob. 1RQCh. 1.3 - Prob. 2RQCh. 1.3 - Prob. 3RQCh. 1.3 - Prob. 4RQCh. 1.3 - Prob. 5RQ
Ch. 1.4 - Prob. 1RQCh. 1.4 - Prob. 2RQCh. 1.4 - Prob. 3RQCh. 1.4 - Prob. 4RQCh. 1.5 - Prob. 1RQCh. 1.5 - Prob. 2RQCh. 1.5 - Prob. 3RQCh. 1.A - Prob. 1RQCh. 1.A - Prob. 2RQCh. 1.A - Prob. 3RQCh. 1.A - Prob. 4RQCh. 1.A - Prob. 5RQCh. 1.A - Prob. 6RQCh. 1.A - Prob. 7RQCh. 1.A - Prob. 8RQCh. 1.A - Prob. 9RQCh. 1.A - Prob. 10RQCh. 1.A - Prob. 11RQCh. 1.A - Prob. 1SPACh. 1.A - Prob. 2SPACh. 1.A - Prob. 3SPACh. 1.A - Prob. 4SPACh. 1.A - Prob. 5SPACh. 1.A - Prob. 6SPACh. 1.A - Prob. 7SPACh. 1.A - Prob. 8SPACh. 1.A - Prob. 9SPACh. 1.A - Prob. 10SPACh. 1.A - Prob. 11SPACh. 1.A - Prob. 12APACh. 1.A - Prob. 13APACh. 1.A - Prob. 14APACh. 1.A - Prob. 15APACh. 1.A - Prob. 16APACh. 1.A - Prob. 17APACh. 1.A - Prob. 18APACh. 1.A - Prob. 19APACh. 1.A - Prob. 20APACh. 1.A - Prob. 21APACh. 1.A - Prob. 22APACh. 1.A - Prob. 23APACh. 1 - Prob. 1SPACh. 1 - Prob. 2SPACh. 1 - Explain how the following news headlines concern...Ch. 1 - Prob. 4SPACh. 1 - Prob. 5SPACh. 1 - Prob. 6SPACh. 1 - Prob. 7APACh. 1 - Prob. 8APACh. 1 - Prob. 9APACh. 1 - Prob. 10APACh. 1 - Prob. 11APACh. 1 - Prob. 12APACh. 1 - Prob. 13APA
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- How does sociology affect the economics of a region?arrow_forwardThe figure shows the demand and supply of good Z in two countries F and G. The demand and supply of good Z in countries F and G So 'G P P SF PA P P, P. DG \DF O Q 0,0 Country G Country Farrow_forwardWhich one of the following statements is FALSE? a. Tariffs are taxes charged on imports or exports. b. Import substitution is the policy of encouraging domestic production in place of imports. c. Foreign trade zones are areas where foreign-owned manufacturers can operate free of many tariffs and regulations. d. Compared to other countries in the world, The United States has an unusually high ratio of trade to GDP. e. Over the last several decades international trade has grown.arrow_forward
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