Answer:
Positive statement
Positive statement
normative statement
normative statement
Explanation:
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, the statement - the lack of effective regulation contributed to a risk-seeking culture in the financial services industry- can be test empirically
Normative economics is based value judgements, opinions and perspectives. For example, the statement - Central banks should have imposed tighter regulations on banks to prevent the financial crisis- is based on opinion. Everyone would have an opinion on what the Central bank should have done
Answer:
In the case of Finland, if their economy is sliding into recession, it will create panic and fear among those who purchased bonds from their previous transaction. People will be forced to sell their bonds due to its associated risk attached to it.
<em>The number of people will to sell will force the bond market to crash leading to fall in the prices of the bonds while the loanable funds will increase drastically.</em>
Explanation:
Answer: The answer is b $534,400
Explanation:
$
Net income. 330,000
Depreciation expense. 46,500
Increase in prepaid insurance. 3,900
Changes in operating Asset and Liabilities
Decrease in inventory. 34,500
Increase in Account Receivable. 63,000
Increase in salaries payable. 56,500
-----------------------
Net operating cash flow. 534,400
------------------------
I think a mechanic. You need to measure all types of sizes, and they all won't be whole numbers.
Answer:
Neither the United States nor Chile has a comparative advantage in chair production.
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.
A countrry has absolute advantage if it produces more quantities of a good when compared to another country.
America:
Opportunity cost in producing chairs = 1,000 / 100 = 10
Opportunity cost in fishing = 100 / 1000 = 0.1
For Chile:
Opportunity cost in producing chairs = 400 / 40 = 10
Opportunity cost in fishing = 40/ 400 = 0.1
Neither the United States nor Chile has a comparative advantage in chair production because they produce at the same opportunity cost.
I hope my answer helps you
