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solong [7]
3 years ago
15

Label each of the following statements as an example of positive or normative analysis.

Business
1 answer:
STALIN [3.7K]3 years ago
4 0

Answer and explanation:

The difference between constructive and normative economic statements is considerable. Economists use both types of statements when addressing economic issues with varying degrees of objectivity. Positive statements state facts, which show no signs of endorsement or disapproval. Normative economics includes assumptions related to subjectivity and meaning.

1)<em> The sugar quota in the United States costs consumers $6.08 billion a year.  </em><u><em>(Positive statement)</em></u>

<em />

2)<em> Higher tariffs on imported automobiles would decrease the demand for foreign-made cars.  (</em><u><em>Normative statement)</em></u>

<em />

3)<em> International trade should be limited because it can cause some workers to lose their jobs.  (</em><u><em>Normative statement)</em></u>

<em />

4)<em> International trade makes some people better off and some people worse off.  </em><u><em>(Positive statement)</em></u>

<em />

5)<em> The U.S. should impose import quotas in the market for consumer electronics to help domestic workers.  </em><u><em>(Normative statement)</em></u>

<em />

6)<em> The sugar quota in the U.S. is good public policy and should be made stronger. (</em><u><em>Normative statement)</em></u>

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Nastasia [14]

Answer:

$52,285

Explanation:

The computation of the total manufacturing cost assigned to Job P is shown below:-

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3 years ago
LO 2.2Which of the following are prime costs?
sesenic [268]

Answer:

OPTION D: Direct Labor and Direct Material

Explanation:

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4 0
3 years ago
Closing costs are calculated based on _____. loan amount minus down payment down payment made selling price of the house selling
olga_2 [115]

Answer

Closing costs are calculated based on price of the house minus down payment

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3 years ago
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