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
Andrei [34K]
3 years ago
13

Help me please Nd thankyou

Mathematics
1 answer:
weqwewe [10]3 years ago
6 0

Answer:

What is a positive economic statement?

Positive economics is objective and fact-based where the statements are precise, descriptive, and clearly measurable.

What is a normative economic statement?

Normative economics focuses on the ideological, opinion-oriented, prescriptive, value judgments, and "what should be" statements aimed toward economic development, investment projects, and scenarios.

Provide a real world example of each (other than those given in the chapter)

An example of normative economics would be, "We should cut taxes in half to increase disposable income levels." By contrast, a positive or objective economic observation would be, "Based on past data, big tax cuts would help many people, but government budget constraints make that option unfeasible." The provided example is a normative economic statement because it mirrors value judgments. This particular judgment assumes that disposable income levels must be increased

Positive economics deals with objective explanation and the testing and rejection of theories. For example:

A fall in incomes will lead to a rise in demand for own-label supermarket foods

If the government raises the tax on beer, this will lead to a fall in profits of the brewers.

The rising price of crude oil on world markets will lead to an increase in cycling to work

A reduction in income tax will improve the incentives of the unemployed to find work.

A rise in average temperatures will increase the demand for sun screen products.

Higher interest rates will reduce house prices

Cut-price alcohol has increased the demand for alcohol among teenagers

A car scrappage scheme will lead to fall in the price of second hand cars

Please explain why each statement would be considered either positive or normative:

Common observations indicate that discussions around public policies typically involve normative economic statements. A higher degree of disagreements persists in such discussions because neither party can clearly prove their correctness.

Though normative statements are generalized and subjective in nature, they act as the necessary channels for out-of-the-box thinking. Such opinions can form the foundation for any necessary changes that may have the potential to completely transform a particular project. But normative economics cannot be the sole basis for decision-making on key economic fronts. Positive economics fill in for the objective angle that focuses on facts and cause-and-effect. Coupled with positive economics, normative economics may be useful in establishing, generating, and fulfilling new ideas and theories for different economic goals and perspectives.

A clear understanding of the difference between positive and normative economics may lead to better policy-making if policies are made based on a balanced mix of facts (positive economics) and opinions (normative economics). Nonetheless, numerous policies on issues ranging from international trade to welfare are at least partially based on normative economics.

Please include sources with your posting:

Normative economics focuses on the value of economic fairness, or what the economy "should be" or "ought to be."

While positive economics is based on fact and cannot be approved or disapproved, normative economics is based on value judgments

You might be interested in
Problem example: For the given sequence: -2,2,6,10,14,18
Kobotan [32]

Answer:

<u>250</u>

Step-by-step explanation:

You can take the explicit formula and simply substitute the n value with 64:

-2 + 4 * (64 - 1)

-2 + 4 * (63)

-2 + 252

<u>250</u>

7 0
2 years ago
Simplify 24 - 15 - 3+ 2.6.<br> O A. 30<br> O B. 31<br> O C. 126<br> O D. 15
sveticcg [70]

Answer:

D

Step-by-step explanation:

8 0
3 years ago
I will give the brainliest answer !!!
zubka84 [21]

Answer: 41 degrees

Step-by-step explanation:

measure of angles in a triangle is 180 degrees

So

87 + 52 + ? = 180

139 + ? = 180

? = 41

4 0
3 years ago
Read 2 more answers
Kyle started biking at a constant rate of 15 mph. Half an hour later, Kim followed on the same path at a constant rate of 18 mph
lidiya [134]
The answer is...

It would take kim approximately* dont know if I spelled it correctly* 2 hours 30 minutes to catch up with kyle.
4 0
3 years ago
Read 2 more answers
true or false The typical measurement of hotel demand is the room night (RN). When we say that each room night is perishable , w
weqwewe [10]

Answer:

True

Step-by-step explanation:

Perishable is a term for a product that has limited time to sell. A product like meat, fruit, and most fresh food will have a shelf life and you have to sell the product before the shelf life expires. Some preservation techniques can help to extend food products like freezing or curing them.

Room night of a hotel or any rent product is also considered as perishable since you can't store the rent time and sell it another day. So, every unoccupied room is treated as expired food. Unlike food products, room nights for the hotel can't be preserved. There are other strategies to maximize the revenue of rent products such as overselling or selling promise/reservation.

4 0
3 years ago
Other questions:
  • Which expression is equivalent to sin^2 x-sin x - 2/sin x -2
    10·1 answer
  • Hiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii
    6·2 answers
  • Multiplying decimals by 10,100 or 1000
    7·1 answer
  • Which expression is a binomial? A. P(to the second power) B. 3W. C. 3W+1. D. 3P(to the second power)+2P+2
    14·1 answer
  • John took a taxi from his house to the airport. The taxi company charged a pick-up fee of $4.70 plus $2.50 per mile. The total f
    6·1 answer
  • Jane bought a harry potter pen for $5.35, and a necklace for $6.47, and a notebook for $3.43. She paid with a twenty dollar bill
    14·2 answers
  • Abby has $20 in a savings account. The interest rate is 10% per year and is not compounded. How much will she have in 1 year​
    7·2 answers
  • Please help ill give brainliest
    8·2 answers
  • 2. What is the sum of iº + kº?
    13·1 answer
  • Steph scores 200 points in 6 games. what is the unit rate.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!