Microeconomics Econ 101 - Second 2020/2021Quiz: Quiz 1/ ECON 101This Question: 6 pts19 of 33 (18 complete)For each news item below, indicate whether it involves a what, how, or for whom question."Fiber replaces aluminum in airplanes" involves aquestion."Delta Airlines fails to reach deal with pilots" involves aquestion.O A. how whatO B. for whom: whatO C. for whom; for whomO D. how; for whom"Microsoft announces new operating system" involves aquestionO A. whatO B. howO C. for whom Quiz: Quiz 1/ ECON 101This Question: 2 ptsWhich of the following statements are normative and which are positive?1. All fast-food restaurants should sell healthy-choice meals2. Sweatshop labor in third-world countries does not help those economies grow.3 On average Americans have a greater body mass index than citizens from any other country in the world.4 We ought to drive our cars less and take public transportation more.O A. options 1 and 2 are positive, and options 3 and 4 are normativeO B. options 3 and 4 are positive and options 1 and 2 are normativeOC. options 2 and 3 are positive and options 1 and 4 are normativeD. options 1 and 4 are positive, and options 2 and 3 are normative

Fiber replaces aluminium in airplanes involves a how question. This question of how involves how…

For each news item below, indicate whether it involves a what, how, or for whom question. "Fiber replaces aluminum in airplanes" involves a question. "Delta Airlines fails to reach deal with pilots" involves a question. O A. how, what O B. for whom; what O C. for whom; for whonm O D. how, for whom "Microsoft announces new operating system" involves a question O A. what O B. how O C. for whom

For each news item below, indicate whether it involves a what, how, or for whom question. "Fiber replaces aluminum in airplanes" involves a question. "Delta Airlines fails to reach deal with pilots" involves a question. O A. how, what O B. for whom; what O C. for whom; for whonm O D. how, for whom "Microsoft announces new operating system" involves a question O A. what O B. how O C. for whom

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter1: The Role And Method Of Economics

Section: Chapter Questions

Problem 8P

See similar textbooks

Similar questions

Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?
Can you confirm that I am correct with these positive and normative statements: Positive statement: When oil production slows in Texas, employment and tax revenues decline, and budget cuts at the state and local levels often follow. (Craymer has estimated that the state loses $85 million per year for every $1 decrease in oil prices.) Normative statement:If Russia agrees to production cuts and COVID-19 goes dormant in the hot summer months, as some experts expect, Texas’ coffers will have time to recover before lawmakers convene in 2021 to write a new budget. Or would this be a normative statement:Experts said Texas is better positioned to handle an oil price collapse today thanks to a diversified economy. The last collapse in oil prices, in 2014, also forced the industry to cut costs and otherwise become more efficient. But University of Texas at Austin energy resources professor Michael Webber said COVID-19 throws an unprecedented economic variable into the mix.
In what ways is economics a science and why do economists makeassumptions? What is the importance of the circular-flow diagram? On the Forbes 2021 list of the World’s Billionaires, Jeff Bezos ranks at the topwith a net worth of US$177 billion. Does he face scarcity, or does scarcity onlyaffect those with more limited incomes and lower net worth?
Which of the following are microeconomicissues? Which are macroeconomic issues?a. How will an increase in the price of Coca-Cola affect the quantity of Pepsi Cola sold?b. What will cause the nation’s inflation rate tofall?c. How does a quota on textile imports affectthe textile industry?d. Does a large federal budget deficit reduce therate of unemployment in the economy?
Why isn’t money considered capital in economics? Which of the following are microeconomic issues? Which are macroeconomic issues? a. How will an increase in the price of Coca-Cola affect the quantity of Pepsi Cola sold? b. What will cause the nation’s inflation rate to fall c. How does a quota on textile imports affect the textile industry? d. Does a large federal budget deficit reduce the rate of unemployment in the economy? Explain the importance of the ceteris paribus assumption for an economic model. Analyze the positive versus normative arguments in the following case. What statements of positive economics are used to support the requiring of airbags? What normative reasoning is used? Should the Government Require Air Bags? Technological advances continuously provide new high-tech options to save lives that add to the price of cars, such as cameras, radar, and airbags. Airbag advocates say airbags will save lives, and the government should require them in all cars.…
What is meant my the normative economics. Explain in detail.
a. A 5 percent fall in the unemployment rate will lead to a 2 percent increase in the inflation rate" b. "Pollution in developing countries is one of the biggest global environmental problems" 3,Which of the these statements is an example of "positive" economics 4.Which of these statements in an example of :normative "economics"
2. Which of the following is a normative statement? a. An increase in taxes raises the price of a product b. Vaccination is a method of fighting Covid -19 c. Government should Impose taxes on the cigarette. d. Studying more hours leads to an increase in your GPA.
3. Is each of the following statements positive or normative? If the statement is positive, write a normative statement about the same topic. If the statement is normative, write a positive statement about the same topic. a.) For-profit prisons have led to a higher incarceration rate in the United States. b.) The Washington Commanders should have chosen a cooler mascot. c.) The use of human subjects in experiments should be subject to less oversight. d.) If the U.S. privatized Social Security, it would reduce government deficits in the long run. e.) Students should not be required to take exams.
Brinley says that "gas prices are rising because there aren't enough oil refineries." argues that "gas prices are rising because of the growing demand for gasoline fro and India." We can conclude that: Brinley's statement is positive; Katie's statement is normative. Both statements are positive. Brinley's statement is normative; Katie's statement is positive. Both statements are normative. Question 4