Answer:
Positive Statements: 1st & 2nd ; Normative Statements: 3rd & 4th
Explanation:
Positive Economics is <u>objective</u> & <u>facts</u> based <u>actual</u> economic issue description , explaining verifiable phenomenas (causal relationships).
Normative Economics is <u>subjective</u> & opinion based conclusive <u>solutions</u> to economic issues, including '<u>ought to be</u>' unverifiable suggestions.
1. Lung cancer kills millions of people each year: reflects actual objective verifiable fact about an economic (health) issue.
2. Too many people smoke: denotes another actual objective variable fact connected to (potential cause of) the above economic (health) issue.
So , these two are Positive Statements.
3. If the government were to increase taxes on cigarettes, fewer people would smoke : Is subjective opinion based probable solution to the above economic (health) issue.
4. The government should increase taxes on cigarettes : Is an 'ought to' suggestion for an economic participant (govt) to solve the above economic (health) issue.
So , these two are Normative Statements
Answer:
The correct answer is B.
Explanation:
Giving the following information:
You just won $70,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 8% per year.
The number of years is 45.
We need to use the following formula for future value:
FV= PV*(1+i)^n
FV= 70,000*(1.08)^45= $2,234,431.46
Answer:
Answer for task 1: Increase
Answer for task 2: debt
Answer for task 3: -13.33
Answer for task 4: -14.00
Answer for task 5: reserve requirement
Explanation:
<u>Task 1:</u>
In the given question, the owner has borrowed $100 supplement to their existing reserves. Since the owner has borrowed, the value of debt would <u>increase</u>.
<u>Task 2:</u>
<u>Leverage ratio before borrowing:</u>
Leverage ratio =
Leverage ratio =
Leverage ratio = -13.33
The leverage ratio before borrowing is - 13.33
<u>Task 3:</u>
<u>Leverage ratio after borrowing:</u>
Leverage ratio =
Leverage ratio =
Leverage ratio = -14.00
The leverage ratio after borrowing is - 14.00
<u>Task 4:</u>
This would also bring the leverage ratio from its initial value of -13.33 to a new value of -14.00.
<u>Task 5:</u>
<u>Which of the following do bankers take into account when determining how to allocate their assets? Check all that apply.</u>
The option is<u> "b"</u>
When determining how to allocate their assets bankers take into account the reserve requirement.
Answer:
According to this system, each branch has a way to check or limit the other two. These controls help to limit a branch not to control the government.
Explanation:
The Constitution of the United States provides for checks and balances by dividing the US government into three branches: legislative arm, executive branch and judicial branch. The constitution gave each of these three branches a special ability to ensure that no part of the government had gained uncontrolled power. The Texas Constitution also includes a system of checks and balances to balance power. According to this system, each branch has a way to check or limit the other two. These controls help to limit a branch not to control the government. These checks and balances patterns are found in the US Constitution.