(a) Explanation The given statement contains both normative and positive economic statements because it contains both normative and positive assertions. The statement “gasoline rationing is poor social policy... (b) To determine Identify the positive and normative economic analyses.

9th Edition

ISBN: 9780134741123

Author: Robert Pindyck, Daniel Rubinfeld

Publisher: PEARSON

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Question

Chapter 1, Problem 2RQ

(a)

To determine

Identify the positive and normative economic analyses.

(b)

To determine

Identify the positive and normative economic analyses.

Expert Solution & Answer

Chapter 1 Solutions

Study Guide for Microeconomics

Ch. 1 - Prob. 1RQ Ch. 1 - Prob. 2RQ Ch. 1 - Prob. 3RQ Ch. 1 - Prob. 4RQ Ch. 1 - Prob. 5RQ Ch. 1 - Prob. 6RQ Ch. 1 - Prob. 1E Ch. 1 - Prob. 2E

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