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Novosadov [1.4K]
2 years ago
15

Indicate whether the following statements are positive or normative. a. Raising interest rates encourages people to save: b. The

government ought to be more concerned with reducing unemployment: c. The government should raise the tax on tobacco to discourage people from smoking: d. The government should limit immigration: e. Increasing gasoline taxes results in less disposable income: f. The government should raise gasoline taxes and fix bridges:
Business
1 answer:
denpristay [2]2 years ago
3 0

a. Raising interest rates encourages people to save: positive statement

b. The government ought to be more concerned with reducing unemployment: normative statement

c. The government should raise the tax on tobacco to discourage people from smoking: normative statement

d. The government should limit immigration: normative statement

e. Increasing gasoline taxes results in less disposable income: normative statement

f. The government should raise gasoline taxes and fix bridges: normative statement

<h3>What are normative and positive statements?</h3>

Normative statements come from a viewpoint or an opinion. As a result, the terms "should," "ought," or "it is preferable to" are commonly used. Normative statements can never be proven to be true.

Conversely, positive statements can often be put to the test in theory, if not always in practice. Positive statements are not value judgments. They are predictions of what it is, was, or will become.

Thus, option A is a positive statement and rest are normative statements.

Learn more about positive and normative statements here:

brainly.com/question/14408475

#SPJ4

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For each of the following independent events, identify the account that would be debited and the account that would be credited.
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Answer:

A. Received cash by issuing common stock

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B. Received cash for services to be performed in the future.

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D. Provided services on account.

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Explanation:

A. Received cash by issuing common stock

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Credit: common stock

B. Received cash for services to be performed in the future.

Debit: Cash

Credit: unearned revenue.

C. Paid salaries payable

Debit: salaries payable

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6 0
2 years ago
Under normal conditions (70% probability), Plan A will produce $20,000 higher return than Plan B. Under tight money conditions (
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Answer:

A. ($16,000)

Explanation:

The computation of the expected value of return equal to

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= $14,000 - $30,000

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For computing the correct value we have to deduct the tighter money conditions from the normal conditions.

3 0
3 years ago
Under which market structure does a firm have negligible influence over product pricing? A. perfect competition B. monopoly C. o
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The government is also the deciding factor with respect to the allocation of resources for investment and fixes incomes. A command economy is also known as a planned economy. North Korea and Cuba are examples of countries that have a command economy.


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3 years ago
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Which statement about globalization is true? a. It has led to more quotas on trade around the world. b. It is a purely economic
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c. It has been fueled by trade, immigration and foreign investment

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Globalization refers to integration of domestic economy with respect to the world economy.

Import quotas refers to the duties and taxes imposed on the imported goods.

The concept of Globalization has witnessed drastic rise over the years owing to international trade, removal of pre-existing trade barriers, immigration of personnel and foreign investment which has seen a rapid rise in multi national corporation growth around the world.

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3 years ago
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