MACROECONOMICS W/ MY ECON LAB
6th Edition
ISBN: 9781323460689
Author: Hubbard
Publisher: PEARSON C
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Chapter 1, Problem 1.3.6PA
Subpart (a):
To determine
Identifying Positive and Normative analysis.
Subpart (b):
To determine
Identifying Positive and Normative analysis.
Subpart (c):
To determine
Identifying Positive and Normative analysis.
Subpart (d):
To determine
Identifying Positive and Normative analysis.
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Ben says that "An increase in the tax on beer will raise its price." Holly argues that "Taxes should be increased on beer because college students drink too much." We can conclude that:
Ben statement is normative, but Holly's is positive.
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Both statements are normative.
Both statements are positive.
Explain the difference between positive and normative economics
Consider the following two statements. In each case, explain briefly your answer:
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"
Which of the these statements is an example of "positive" economics
Which of these statements in an example of :normative "economics
Find one positive or one normative statement. Explain how you know they are either a positive or normative statement.
Chapter 1 Solutions
MACROECONOMICS W/ MY ECON LAB
Ch. 1.A - Prob. 1PACh. 1.A - Prob. 2PACh. 1.A - Prob. 3PACh. 1.A - Prob. 4PACh. 1.A - Prob. 5PACh. 1.A - What is the area of the triangle shown in the...Ch. 1.A - Prob. 7PACh. 1 - Prob. 1TCCh. 1 - Prob. 2TCCh. 1 - Prob. 1.1.1RQ
Ch. 1 - Prob. 1.1.2RQCh. 1 - Prob. 1.1.3PACh. 1 - Prob. 1.1.4PACh. 1 - Prob. 1.1.5PACh. 1 - Prob. 1.1.6PACh. 1 - Prob. 1.1.7PACh. 1 - Prob. 1.1.8PACh. 1 - Prob. 1.1.9PACh. 1 - Prob. 1.1.10PACh. 1 - Prob. 1.1.11PACh. 1 - Prob. 1.2.1RQCh. 1 - Prob. 1.2.2RQCh. 1 - Prob. 1.2.3RQCh. 1 - Prob. 1.2.4RQCh. 1 - Prob. 1.2.5PACh. 1 - Prob. 1.2.6PACh. 1 - Prob. 1.2.7PACh. 1 - Prob. 1.2.8PACh. 1 - Prob. 1.2.9PACh. 1 - Prob. 1.2.10PACh. 1 - Prob. 1.2.11PACh. 1 - Prob. 1.2.12PACh. 1 - Prob. 1.2.13PACh. 1 - Prob. 1.3.1RQCh. 1 - Prob. 1.3.2RQCh. 1 - Prob. 1.3.3RQCh. 1 - Prob. 1.3.4PACh. 1 - Prob. 1.3.5PACh. 1 - Prob. 1.3.6PACh. 1 - Prob. 1.3.7PACh. 1 - Prob. 1.3.8PACh. 1 - Prob. 1.3.9PACh. 1 - Prob. 1.3.10PACh. 1 - Prob. 1.3.11PACh. 1 - Prob. 1.4.1RQCh. 1 - Prob. 1.4.2RQCh. 1 - Prob. 1.4.3PACh. 1 - Prob. 1.4.4PA
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Similar questions
- What is the difference between positive and normative economics? How can knowledge of positive economics be useful in normative economics?arrow_forward1. Briefly explain which of the following statements represents positive analysis and which represent normative analysis. a. The Federal government should spend more on Covid research. b. “In 2011, Jeff Bezos. Founder of Amazon, paid $0 in U.S. Federal income tax.”c. “It is unfair that multi-billion-dollar companies can get away without paying taxes.”arrow_forward3. 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.arrow_forward
- What is the difference between positive and normative economics? Why are positive questions easier to answer than normative questions?arrow_forwardIn economics, the difference between normative and positive is that:arrow_forwardBen says that "An increase in the tax on beer will raise its price." Holly argues that "Taxes should be increased on beer because college students drink too much." We can conclude that: Ben's statement is normative, but Holly's is positive. Holly's statement is normative, but Ben's is positive. Both statements are normative. Both statements are positive.arrow_forward
- PLEASE FILL IN THE CHART BELOW FOR THE ARTICLE!! Microeconomics For the article, write the number of the graph that best describes what happened. Fill in only the appropriate boxes in each chart for each article and be sure and indicate if it is an increase or a decrease. Vegan food diets becoming more popular, more mainstream You've come a long way, vegan. Once mocked as a fringe diet for sandal-wearing health food store workers, veganism is moving from marginal to mainstream in the United States. The vegan "Skinny Bitch" diet books are best-sellers, vegan staples like tempeh and tofu can be purchased at just about any supermarket, and some chain restaurants eagerly promote their plant-only menu items. Today's vegans are urban hipsters, suburban moms, college students, even professional athletes. "It's definitely more diverse. It's not what you would picture 20 years ago, which is kind of hippie, crunchy," said Isa Chandra Moskowitz, author of vegan cookbooks like the new "Appetite…arrow_forwardIn economics, the difference between normative and positive is that: -normative economics focuses on individual markets -Normative economics looks at the "bigger picture" -normative economics is an unbiased attempt to understand how the economy works -normative economicsarrow_forwardSuppose that one summer the weather is very hot. How does this event affect the market for ice cream? And How a decrease in supply of ice cream affects the equilibrium price and quantity? Draw the graph according to the situations above. Which of the following statements are examples of positive economic analysis? Which are examples of normative analysis?a. The inheritance tax should be repealed because it is unfair.b. Allowing Chile to join NAFTA would cause wine prices in the United States to drop.c. The first priorities of the new regime in the Democratic Republic of Congo (DRC, formerly Zaire) should be to rebuild schools and highways and to provide basic health care.arrow_forward
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