A normative economic statement quizlet
[DOC File]Test Bank Help
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22) The saying that "You cannot have your cake and eat it too" illustrates the economic concept of. A) a positive statement. B) a normative statement. C) physical capital. D) opportunity cost. Answer: D. Diff: 2. Topic: 2.2 Opportunity Cost, Trade-Offs, and Choices
[DOC File]CHAPTER 1
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b. Normative questions. c. All economic questions, both positive and normative. d. Questions about the choices made by individuals. 5. If the president of Colombia commented that “we should do something to reduce inflation in Colombia,” this would be an example of: a. a normative statement. b. a positive statement.
[DOC File]test bank U
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Give one example each of a positive and normative economic issue or question or statement. Answer: Positive economic analysis is concerned with what is. Positive economic analysis reaches conclusions based on verifiable statements. Normative economic analysis, on the other hand, is concerned with what ought to be.
[DOC File]Answers to Micro End-of-Chapter Questions 1
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Economic Profit 41,000. Accounting Profit 170,000. b. Since she is earning economic profit with her current business that she would forgo if she were to accept the position, which significantly exceeds the present value of what she can sell the firm for, she should continue to bake her own cookies. 2.
[DOC File]Chapter 1 Exam – The Nature of Economics
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C)non—testable statement. D) statement lacking in logic. 9) Normative economic statements. A) violate the law of ceteris paribus. B) contain value judgments. C) are usually irrational. D) are easily testable. 10) “No individual should have less than $10,000 income in the United States in 1990” is an example of. A) a normative statement.
[DOC File]CORRECTIONAL COUNSELING AND REHABILITATION, FIFTH …
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8. The United Nations Economic and Social Council endorses correctional education standards, including: a. involving the outside community as fully as possible. b. access to education for all prisoners. c. developing the whole person. d. all of the above. 9. The failure of offenders in mainstream educational settings is often the result of:
[DOC File]AP ECONOMICS CHAPTER 1 STUDY GUIDE
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C) Clara's statement is normative and Ellie's statement is positive. D) Clara's statement is positive and Ellie's statement is normative. 13. The comment that "the minimum wage should be raised to give working people in this country a fair wage" is an example of: A) a normative economic statement. B) a positive economic statement.
[DOC File]Chapter 1—What Economics Is About
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Normative economics is concerned with "what should be." A positive economist would look at the impact of an increase in minimum wage on the growth of the economy, while a normative economist would focus on whether or not the wage hike should occur and how it might affect the working poor.
[DOCX File]chapter 1
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Assume that a student attends a four-year college with tuition costs of $20,000 per year; room and board costs of $5,000 per year; and books/entertainment costs of $1,000 per year.
[DOC File]Management, 11e (Robbins/Coulter)
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A) The Economic Espionage Act makes it a crime in the United States to engage in competitor intelligence. B) It is unethical to use competitor intelligence to make strategic business decisions. C) Competitor intelligence is ethical if competitor-related information is collected from sources accessible and available to the public.
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