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Rina8888 [55]
3 years ago
15

What is the difference between a positive economic statement and a normative statement?

Business
1 answer:
yaroslaw [1]3 years ago
7 0

Answer:

e. A positive economic statement can be proved; a normative statement cannot.

Explanation:

A positive economic statement are objective statement that can be tested, amended or rejected by referring to available evidence.

this means in essence that a positive economic statement is prone to improvement when proven. it is not rigid

a normative statement is subjective that cannot be changed. it is rigid.

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Describe the learned hand rule, and discuss the economic logic underlying it. do you believe the objective is being achieved?
klemol [59]
Learned Hands favored an interventionist central government economic policy. He was also influenced by the distribution of wealth. Roosevelt's radical economic reforms including the New Deal Policy. However, was vigilant on the dangers of an authoritarian government and did not agree of "packing the court".
6 0
3 years ago
The following model shows how resources in an economy move between households, businesses, and government. The Circular Flow Mod
Alex

Answer:

The correct answer is the circular flow model.

Explanation:

The circular flow model shows the movement of resources between different sectors in the economy. The firms or business hire factors of production from the households. In return, they make factor payments. They use these factors to produce goods and services. The households purchase these goods and services and pay by their factor incomes.  

The government sector charges taxes from households and businesses and provides goods and services in return. The government also hires factors of production and make factor payments. It also purchases goods and services from the businesses and pays for it.

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2 years ago
Use your knowledge of the common wind types to complete the blanks in the sentences below.
Liula [17]

Answer:

a). <u>Chinook</u> winds are created when cold air descending the sheltered (leeward) side of the Rockies is warmed by compression.

b). A circulation pattern consisting of a light wind blowing into the city from the countryside is characteristic of a <u>country breeze</u>.

c). A <u>sea breeze</u> is the result of the air over land heating, expanding, and rising, thereby creating a low-pressure area into which cooler air from over the ocean can move.

d). Heated air from mountain slopes gliding up along that slope results in a <u>Valley breeze</u>.

Explanation:

The given blanks have correctly been filled with terms matching the definitions provided. 'Chinook' is described as the descending warm, dry wind on the eastern side of the Rocky Mountains that generally blow from the southwest and can rapidly increase the temperature due to the much warmer air it brings. While country winds are the light winds that blow towards the city from surrounding countries. Sea breezes are defined as the air blowing off the sea on the nearby land and make the area cooler. Valley breeze is the warm air that blows up towards the slopes.

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2 years ago
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Not enough info given about the situation but the best guess would be the price would decrees.


When the demand for a product drops (i.e being banned) the price drops

4 0
3 years ago
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True or False: Researchers and physicians never work together to develop new clinical treatments
aleksley [76]

Answer:

Primary care physicians are responsible for diagnosis and treatment.

- true

Explanation:

5 0
2 years ago
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