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
anastassius [24]
3 years ago
10

Ben says that "an increase in the tax on beer will raise its price." Holly argues that "taxes should be increased on beer becaus

e college students drink too much." We can conclude that:_________
A. Ben's statement is normative, but Holly's is positive.
B. Holly's statement is normative, but Ben's is positive.
C. Both statements are normative.
D. Both statements are positive.
Business
1 answer:
Grace [21]3 years ago
7 0

Answer:

B. Holly's statement is normative, but Ben's is positive.

Explanation:

Positive statements are based on objective deduction of what is, or was. It is based on facts. Ben's comment "an increase in the tax on beer will raise its price", is an example of positive statement.

Normative statements are subjective and based on individual values and judgement. In her statement Holly appears to be biased against drinking much. She says "taxes should be increased on beer because college students drink too much." Is a normative statement.

You might be interested in
Mrs. Jones, an appraiser, is appraising a single family residence for which she has located six comparable properties, all sold
Llana [10]

Available Options are:

1 Cost approach

2 Market data approach

3 Income approach

4 Gross rent multiplier

Answer:

Market data approach

Explanation:

The Market data is more relaible source to finding the home's market value. As in the given scenario, it is evident that the property is not an investment property, hence it is more appropriate to find the asset's value using the market data rather using the rental value to compute the value of the asset.

5 0
3 years ago
Read 2 more answers
Assuming Year 2 net credit sales totaled $122,000, what was the company's average days to collect receivables
Montano1993 [528]

Answer:

44.88 days

Explanation:

Note: The full question is attached

Average amount of accounts receivables = ($16,000+$14,000)/2

Average amount of accounts receivables = $15,000

Average days to collect receivables = Days * AR / Credit sales  

= 365 * $15,000 / $122,000

= 44.87704918032787 days

= 44.88 days

4 0
3 years ago
Scarcity can be eliminated if
bogdanovich [222]

Answer:

The scarcity is the key problem that the economics are trying to find an answer to and try to mitigate by making the resources more productive.

The scarcity arises because of 2 main factors,

  1. The human wants are Unlimited
  2. The resources available to satisfy these wants are Limited

In theory, if we need to "eliminate" scarcity complete we should either Limit our Needs or find an Unlimited source of resources we require.

However, these are not practical solutions.

So because of this, economics try to utilize technology and other factors to harness the full potential of resources and to use them optimally.

Explanation:

6 0
3 years ago
Woodwick Company issues 9%, five-year bonds, on December 31, 2014, with a par value of $96,000 and semi-annual interest payments
ad-work [718]

Answer:

A) The issuance of bonds on December 31, 2016.

Dr Cash 104,031

    Cr Bonds payable 96,000

    Cr Premium on bonds payable 8,031

B) The first interest payment on June 30, 2017.

Dr Interest expense 3,517

Dr Premium on bonds payable 803

    Cr Cash 4,320

C) The second interest payment on December 31, 2017.

Dr Interest expense 3,517

Dr Premium on bonds payable 803

    Cr Cash 4,320

4 0
3 years ago
Assume that we are back to talking about bags of oranges (a private good), but that the government has decided that tossed orang
ruslelena [56]

Answer:

If negative externalities pop up in a market, the equilibrium is higher than the efficient output.

Thus when it comes to the government rectification regarding the side effects of that commercial , activity, if the amount of bags is (1) then the new equilibrium would be: <em>p*= $17</em>

8 0
3 years ago
Other questions:
  • An earthquake destroys a major manufacturing plant that produces sneakers. the manufacturing plant for rubber, a complementary g
    6·1 answer
  • In determining why a firm becomes multinational there are many reasons. One reason is that the firm is a market seeker. Why of t
    11·1 answer
  • Real estate agents promoting a new recreational development offer a free breakfast and the opportunity to win a trip to hawaii f
    6·1 answer
  • Your town's public library is heavily damaged by a fire. Luckily, no one was hurt, but many of the books were lost. How should A
    11·1 answer
  • Ramos Company has the following unit costs: Variable manufacturing overhead$15 Direct materials 13 Direct labor 17 Fixed manufac
    11·1 answer
  • Kyle works for National Sporting Goods, where he manages critical data elements, such as identifying and acquiring new data sour
    14·1 answer
  • Atlantic Manufacturing Company uses process costing. All materials are added at the beginning of the process. The normal spoilag
    8·1 answer
  • Express the elements in pointwise which are required in employment notice​
    12·1 answer
  • C = prn is formula for ca
    14·1 answer
  • Mcdonald’s will recognize a gain if it generates an amount of revenue that is higher than its operating expenses. This statement
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!