Answer:
positive
Explanation:
Positive economics is that branch of economics which deals with the qualification, description and explanation of the economic phenomena. It mainly focuses on the fact based and objective that the statement are precise, clearly measurable and descriptive. It determines and analyzes the behavioral relationships of the cause and its effect on the economic theories.
In the context, the mayor of our city asks me conduct and make a plan to increase the parking fees to 2 dollar per hour. This project is a good example of the positive economics that will tell us whether this increase in the parking meter fee is a good idea or not.
Answer:
a. How much will your 2007 monthly benefit be?
b. In real terms, do your benefits go up, go down, or stay the same?
- Benefits will stay the same because in real terms the adjustment will only match the inflation rate. There is no real increase in the purchasing power of the money received. Inflation decreases the purchasing power of the currency, that means that $100 today buys less than $100 a year ago. If the adjustment only covers the inflation rate, there is no real gain but at least there is no real loss either.
Goods and services that cannot be readily provided by markets, such as national security and education, are called Public Goods.
<h3>
What are Public Goods?</h3>
- Products and services that cannot easily be obtained through markets, either because they are too expensive for a single person to purchase or because everyone else would utilize them for free if one person did.
- A good must be both non-excludable and non-rival in order to be categorized as a public good.
- If the provider of the good cannot stop individuals who don't pay from using or consuming it, the good is nonexcludable.
- If the consumption of one person does not prevent the consumption of any other person, the good is nonrival.
- A prime example of a public good is national security. We all take advantage of this government service without giving it much attention.
To learn more about Public goods refer to:
brainly.com/question/14664702
#SPJ4
