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3 years ago

according to thinking like an economist, what is the difference between a normative and a positive question?

2 answers:

7 0

The difference is <span>Normative questions ask about what policies or institutional arrangements lead to the best outcomes. Positive questions ask what the consequences of specific policies are.
Normative question should be ask in order to obtain the best decision for certain policies while positive question usually asked to seek deeper understanding on the policies.</span>

Kitty [74]3 years ago

4 0

Positive Questions ask about the facts. They ask the cause and effect relationship between economic variables. Normative questions ask about the opinions. They cannot be verified, proved or disapproved.

Example of positive economic question: Do higher income results in higher expenditure?

Example of Normative economic question: should government give subsidy to poor people?

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How did you feel while you were filling out the inventory?nervous, curious, stressed, relaxed, etc

Usimov [2.4K]

I feel stressed reading this question as it has no context but the question is asking for your opinion. there really is no wrong answer

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3 years ago

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Gross profit equals the difference between sales revenue and cost of goods sold plus operating expenses. net income and operatin

juin [17]

Answer:

Gross profit equals the difference between sales revenue and cost of goods sold.

Explanation:

The gross profit is calculated by subtracting total cost of goods sold from total sales. Both the total sales and cost of goods sold are found on the income statement.

Gross profit = Sales revenue - cost of goods sold.

It is one of three profit metrics used in business statement reports

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4 years ago

A fitness center is planning to invest in a specialized exercise equipment. This equipment is highly effective, but the club mem

Kamila [148]

Answer:

job/technical training

Explanation:

Based on the scenario being described within the question it can be said that this is best classified as job/technical training. This refers to a specifically designed training program that teaches individuals the specific skills needed to perform their daily job tasks that the managers need them to perform, such as learning to operate specific machinery or information systems.

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4 years ago

A _____ consists of assessing an employee's performance and providing him or her with appropriate feedback.

larisa [96]

performance appraisal consists of assessing an employee's performance and providing him or her with appropriate feedback.

<h3>What is performance appraisal?</h3>

Performance appraisal is done to check the performance of a particular employee.

It is done from time to time through the review of workdone and contribution of such individual to the organizations.

Therefore, performance appraisal is consists of assessing an employee's performance and providing him or her with appropriate feedback.

learn more on performance appraisal here,

brainly.com/question/24673911

3 0

2 years ago

Read 2 more answers

A company is considering opening a new product line. The building being considered will have a monthly lease and utility payment

abruzzese [7]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total fixed costs:</u>

Total fixed costs= 3,500 + (120*2*15)

Total fixed costs= $7100

<u>Now, using the following formula, we can determine the break-even point in units:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 7,100 / (100 - 40)

Break-even point in units= 118.33 = 119 units

<u>Finally, the number of units to earn $10,000 in profit:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (7,100 + 10,000) / 60

Break-even point in units= 285

4 0

3 years ago