When an economist evaluates a normative statement
[DOC File]Principles of Microeconomics, 7e (Case/Fair)
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A) causally related B) correlated C) unrelated D) independent of each other Answer: B True/False 1) Normative economics looks at outcomes of economic behavior and evaluates them as good or bad. Answer: TRUE 2) Positive economics looks at outcomes of economic behavior and evaluates …
[DOC File]Digital Learning & Online Textbooks – Cengage
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c. Correct. This is an example of a testable statement and therefore indicates that an economist is using positive economics. d. Incorrect. This word must be supported by a value judgment and therefore indicates that an economist is using normative economics. 16. Which of the following would eliminate scarcity as an economic problem? a.
[DOC File]Management, 11e (Robbins/Coulter)
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48) The statement that each store should have sales equal to or greater than $100 per square foot per day is an example of _____. A) a strategic plan. B) a directional plan. C) …
[DOC File]Test bank questions
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c. Normative statements can be judged using data alone. d. Deciding what is good or bad policy is not just a matter of science. ANS: C PTS: 1 DIF: 2 REF: 2-2. NAT: Analytic LOC: The study of economics and definitions in economics. TOP: Normative statements MSC: Interpretive. 30. When an economist evaluates a positive statement, he or she is ...
[DOC File]Sample Questions for Case & Fair, Principles of Economics ...
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It describes what exists and how it works. Normative economics analyzes outcomes of economic behavior, evaluates them as good or bad, and may prescribe courses of action. Difficulty: E Type: D Give an example of a positive economic statement and a normative economic statement. Student responses will …
[DOC File]Principles of Microeconomics, 7e (Case/Fair)
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This is best described as A) an economic model. B) a microeconomic statement. C) a normative statement. D) descriptive economics. Answer: D Diff: 2 Type: D 12) An example of descriptive economics is when an economist A) collects data on the wage rates and employment levels in the steel industry.
[DOC File]CONTENTS
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Broadly, they consist of cognitive, normative, and regulative structures and activities that provide stability and meaning to social behaviour. North (1995), an institutional economist, provides a rules-based definition that identifies institutions as the rules of the game of a society, or more formally, as the humanly devised constraints that ...
[DOC File]testbankeasy.eu
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9) Health insurance should be provided to every citizen in a wealthy nation such as the United States. This statement is best described as. A) a positive statement. B) a normative statement. C) a marginal statement. D) an implication of an efficient market. Answer: B. Diff: 2. Topic: The Method of Economics. Skill: Conceptual. AACSB: Reflective ...
[DOC File]Chapter 1
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A normative statement is an assertion about how the world ought to be. When economists make normative statements, they are acting more as policy advisers than scientists. Economists who advise policymakers offer conflicting advice either because of differences in scientific judgments or because of differences in values.
[DOC File]Policy Analysis in Uncertain Economic Environments
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Manski, Charles. 2001. “Identification Problems and Decisions Under Ambiguity; Empirical Analysis of Treatment Response and Normative Analysis of Treatment Choice.” Journal of Econometrics 95(2): 415-42.-----. 2002. “Treatment Choice Under Ambiguity Induced by Inferential Problems.” Journal of Statistical Planning and Inference 105(1 ...
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