menu
bartleby
search
close search
Hit Return to see all results
close solutoin list

Analyze the positive versus normative arguments in the following case. What statements of positive economics are used to support requiring air bags? 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. Air bag advocates say air bags will save lives and the government should require them in all cars. Air bags add an estimated $600 to the cost of a car, compared to about $100 for a set of regular seat belts. Opponents argue that air bags are electronic devices subject to failure and have produced injuries and death. For example, air bags have killed both adults and children whose heads were within the inflation zone at the time of deployment. Opponents therefore believe the government should leave the decision of whether to spend an extra $600 or so for an air bag to the consumer. The role of the government should be limited to providing information on the risks of having versus not having air bags.

BuyFindarrow_forward

Economics For Today

10th Edition
Tucker
Publisher: Cengage Learning
ISBN: 9781337613040

Solutions

Chapter
Section
BuyFindarrow_forward

Economics For Today

10th Edition
Tucker
Publisher: Cengage Learning
ISBN: 9781337613040
Chapter 1, Problem 8SQP
Textbook Problem
247 views

Analyze the positive versus normative arguments in the following case. What statements of positive economics are used to support requiring air bags? 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. Air bag advocates say air bags will save lives and the government should require them in all cars. Air bags add an estimated $600 to the cost of a car, compared to about $100 for a set of regular seat belts. Opponents argue that air bags are electronic devices subject to failure and have produced injuries and death. For example, air bags have killed both adults and children whose heads were within the inflation zone at the time of deployment. Opponents therefore believe the government should leave the decision of whether to spend an extra $600 or so for an air bag to the consumer. The role of the government should be limited to providing information on the risks of having versus not having air bags.

To determine

Analyze the positive versus normative arguments.

Explanation of Solution

Positive economic statement is an objective statement that can be amended, tested, or rejected by referring to the available evidence and it explains the situation as it is. Normative statement is value judgment regarding a phenomenon. In simple words, it states what a phenomenon ought to be...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Chapter 1 Solutions

Economics For Today
Show all chapter solutions
add
Ch. 1.A - Which of the following would cause a leftward...Ch. 1.A - Suppose two variables are directly related. If one...Ch. 1.A - When an inverse relationship is graphed, the...Ch. 1.A - Straight line AB in Exhibit A-6 shows that a....Ch. 1.A - In Exhibit A-6, what is the slope of straight line...Ch. 1.A - In Exhibit A-6, what is the slope of straight line...Ch. 1.A - As shown in Exhibit A-6, the slope of straight...Ch. 1.A - In Exhibit A-6, as X increases along the...Ch. 1.A - In Exhibit A-7, as X increases along the...Ch. 1.A - Straight line AB in Exhibit A-7 shows that a....Ch. 1.A - As shown in Exhibit A-7, the slope of straight...Ch. 1.A - In Exhibit A-7, what is the slope for straight...Ch. 1.A - In Exhibit A-7, what is the slope of straight line...Ch. 1.A - In Exhibit A-8, as X increases along the...Ch. 1.A - In Exhibit A-8, what is the slope of straight line...Ch. 1.A - Exhibit A-9 represents a three-variable...Ch. 1 - Explain why both nations with high living...Ch. 1 - Why isnt money considered capital in economics?Ch. 1 - Explain the difference between macroeconomics and...Ch. 1 - Which of the following are microeconomic issues?...Ch. 1 - Explain why it is important for an economic model...Ch. 1 - Explain the importance of the ceteris paribus...Ch. 1 - Suppose Congress cuts spending for the military,...Ch. 1 - Analyze the positive versus normative arguments in...Ch. 1 - Which of the following illustrates the concept of...Ch. 1 - Which of the following are factors of production?...Ch. 1 - Which of the following is not an example of a...Ch. 1 - Which of the following is the best definition of...Ch. 1 - Which of the following best illustrates the...Ch. 1 - Which of the following represents causality rather...Ch. 1 - Which of the following describes the ceteris...Ch. 1 - The condition of scarcity a. cannot be eliminated....Ch. 1 - Which of the following best describes an...Ch. 1 - Which of the following is true about renewable...Ch. 1 - Because of scarcity, a. it is impossible to...Ch. 1 - Which of the following represents positive...Ch. 1 - Which of the following is the last step in...Ch. 1 - Which of the following is not a type of economic...Ch. 1 - Which word indicates that an economist is us...Ch. 1 - Which of the following would eliminate scarcity as...Ch. 1 - Which resource is not an example of capital? a....Ch. 1 - Which of the following is the second step in the...Ch. 1 - Which of the following is a type of economic...Ch. 1 - Which of the following careers could result from...

Additional Business Textbook Solutions

Find more solutions based on key concepts
Show solutions add
Why do economists make assumptions?

Principles of Macroeconomics (MindTap Course List)

Explain why payroll processing centers and electronic systems are commonly used in payroll accounting.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

WACC AND COST OF COMMON EQUITY Kahn Inc. has a target capital structure of 60% common equity and 40% debt to fu...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)