people arerationalQUESTION7Ben says that "an increase in the tax on beer will raise its price." Holly arques that "taxes should be increased on beer because college students drink toomuch." We can conclude that:A. Both statements areB. Both statements areC. Ben's statement is normative, butHolly's is positiveO D.Holly's statement is normative, butBen's is positivepositivenormative

Theories and evidence based statement are called positive statements while statements based on…

QUESTION 7 Ben says that "an increase in the tax on beer will raise its price" Holly arques that "taxes should be increased on beer because college students drink to0 much." We can conclude that O A. Both statements are O B. Both statements are O C. Ben's statement is normative, but Holly's is positive O D. Holly's statement is normative, but Ben's is positive positive normative

QUESTION 7 Ben says that "an increase in the tax on beer will raise its price" Holly arques that "taxes should be increased on beer because college students drink to0 much." We can conclude that O A. Both statements are O B. Both statements are O C. Ben's statement is normative, but Holly's is positive O D. Holly's statement is normative, but Ben's is positive positive normative

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 20CTQ: During the Second World War, Germanys factories were decimated. It also suffered many human...

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