Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 1, Problem 9SPPA
To determine

To list:

Whether low income people paying high for housing is a positive or normative statement.

To determine

To list:

Whether decrease in the farms of U.S. is a positive or normative statement.

To determine

To list:

Whether the increase in production of parts by motor company T is a positive or normative statement.

To determine

To list:

Whether imports from China flooding the department stores in U.S. is a positive or normative statement.

To determine

To list:

Whether rural population declining in the U.S. is a positive or normative statement.

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Which of the following statements are positive, and which are normative? i.  If interest rates increase, investment will decrease.ii. The minimum wage ought to be abolished. iii. If welfare benefits were reduced, the country would be better off. iv. If consumer income increases, other things equal, the demand for automobiles will increase. v. The Pakistan income distribution should be equitable.
on 8 of 23 Identify whether each of the following statements are positive or normative. positive statement normative statement The unemployment rate in 2009 was lower than it was in 2018. The price of oil should be increased because burning it has a negative impact on the environment. Economics courses ought to increase the amount of positive content they cover. The unemployment rate in 2009 was higher than it was in 2018. If a company pays closer attention to its opportunity costs, this should result in higher profits. It is right for the government to continue financially support third world countries through foreign aid programs. Answer Bank MacBook Air
is this a normative statement: NASA should send a shuttle to Mars to do more research on the planet
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