1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vinil7 [7]
3 years ago
5

Determine if the items represent an example of positive economics or normative economics. The richest 1% of americans should pay

more taxes than the rest of the 99%. Positive economics normative economics a decrease in the supply of coconut will increase the price of german chocolate cake, a good which requires coconut shavings as a key ingredient. Positive economics normative economics as minimum wage increases, the prices of all goods and services also tends to increase. Positive economics normative economics social welfare spending in sweden occupies too large a portion of the national budget. Positive economics normative economics
Business
1 answer:
Annette [7]3 years ago
4 0

Answer:

A. Normative Economics

B. Positive Economics

C. Positive Economics

D. Normative Economics

Explanation:

Positive Economics  is objective and statements are usually based on facts and economic theory. They can be tested.

For example, an increase in input would lead to a decreases in supply of the good is based on economic theory and facts. An increase in input would increase the cost of production and this would discourage sellers from producing.

Normative economics s based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small

You might be interested in
Which of the following describes a situation in which there would be
WINSTONCH [101]

Answer:

D. Ordering a second dessert when you're already full.

Explanation:

Marginal utility is an economic term that refers to the additional satisfaction derived from the consumption of an extra good or service.  Decreasing marginal utility is a concept the explains how satisfaction declines with the continuous consumption of a good or service beyond the optimal point. The law of diminishing or decreasing marginal utility observes that satisfactions increases at an increasing rate up to the optimal point. After the peak, satisfaction will ease and eventually turn negative.

Ordering for a second dessert when full does not result in any satisfaction. The individual needs are already met. The second dessert will not bring as much joy or enthusiasm as the first one.

8 0
3 years ago
Read 2 more answers
Stacy is going to the store to buy milk and cereal. She will most likely use ____ in her consumer decision-making process.A) Rou
alexira [117]

Answer:

Letter A is correct. <u>Routine response behavior.</u>

Explanation:

Routine response behavior is a buying decision making process characterized by the act of a consumer purchasing a product or service that he has previously purchased, ie, it is configured as a usual buying scenario, the consumer already has experience buying certain products. and the purchase decision occurs automatically and routinely.

Generally this buying behavior occurs with non-durable consumer goods, which are those used consistently by the consumer, such as food, medicines and cleaning products.

4 0
3 years ago
Due to the increased interdependence between buyers and sellers and the mutual desire to reduce risk of the unknown:
ycow [4]
The thought of loosing money and being a failure is the one thing you must have confidence and start each day as if it was your last
7 0
3 years ago
Kristi sells purses. Her cost is $35 per purse. On a certain day, she sells 12 purses, and her producer surplus for that day amo
aleksandrvk [35]

Answer:

$50

Explanation:

The computation of the selling  price of each purse is shown below:

As we know that

Selling price = Total value ÷ number of purses sold

where,

Total value is

= Cost of the purse × number of purses sold + producer surplus

= $35 × 12 purses + $180

= $600

And, the number of purses sold is 12

So, the selling price of each purse is

= $600 ÷ 12 purses

= $50

4 0
3 years ago
Mary transferred a life estate in her home to John based on the life of Ned Green. Mary's interest in the property is known as a
Westkost [7]

Answer:

The correct answer will be "Reversion interest".

Explanation:

  • Reversionary interest seems to be an individual's involvement in something like an asset that whenever a prior estate continues to function. It indicates any desire that is deferred to something like the pleasure of.
  • It generally means after enough duration either on a particular arrangement, the charity's grantor seems to have an intention of having again an exchanged asset.
4 0
3 years ago
Other questions:
  • in 2015 the financial statements of Ultimate Medical Center report a 500000 and total revenues and 145000 and net income the bal
    11·2 answers
  • ANSWER AND I WILL GIVE YOU BRAINLIEST AND A FIVE STAR RATING IF YOU FILL THIS OUT
    10·2 answers
  • Claudia, a researcher, conducted a survey in Spain. She wrote her report in Spanish. However, she wants to publish her findings
    7·1 answer
  • Weston Inc. wants to outsource its customer service operations. The top managers of the company are preparing a plan exclusively
    5·1 answer
  • Dilts Company has a unit selling price of $630, variable costs per unit of $380, and fixed costs of $335,000. Compute the break-
    9·1 answer
  • A ———- relationship would include your co-workers and friends?
    8·1 answer
  • Apple has been known to sell its products at higher rates than competitors, such as Microsoft, as it has been successful at conv
    10·1 answer
  • Which is traded in a stock market?​
    8·1 answer
  • Bad Boys, Inc. is evaluating its cost of capital. Under consultation, Bad Boys, Inc. expects to issue new debt at par with a cou
    15·1 answer
  • Marigold Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is avai
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!