Which of the following a branch of economics that deals with how the economic problem facing the society should be solved? A, Normative economics B, Macroeconomics C, Microeconomics D, Positive economics

Q: Answer the following question..    "The Consumer Price Index increased by 4.2 percent in the first…

A: The statement shows that the consumer price index is increased by 4.2 percent. Consumer Price index…

Q: normative economics define and give example

A: Normative economics: - Normative economics is that branch of economics that passes value judgments…

Q: What are some of the Requirements for Economic Models?

A: An economic model is a simplified version of reality that allows us to observe, understand and make…

Q: xplain the difference between positive and normative economics with example.

A: Positive economics is defined as a stream of economist which focuses on quantification,…

Q: microeconomics

A: Microeconomic policies are those which are concerned with the individuals or firms or industries…

Q: State (a) a positive economic statement of your choice, and then (b) a normative economic statement…

A: Differentiate positive and normative economics: Positive economics is described as the descriptive…

Q: A politician states "taxes should be raised to provide more spending on school lunch programs." This…

A: A ceteris paribus assumption is frequently used in scientific research to rule out factors that…

Q: Which of the following statement is correct? i. Microeconomic environment affects an entire economy…

A: Microeconomics is more concerned with individual markets, while macroeconomics is concerned with…

Q: Which of the following are three key components of the economic problem? a. scarcity; choice; giving…

A: The economics as a study is based upon the basic idea of scarcity, where the resources which are…

Q: The fact that human wants cannot be fully satisfied with available resources is called the problem…

A: According to the given question The fact that the human wants cannot be fully satisfied with the…

Q: Label each entry in the list as dealing with a microeconomic topic or a macroeconomic topic. Explain…

A: The Micro economics deal with economic problem at the micro level or individual level. While the…

Q: what is the difference between a positive statement and a normative statement?

A: According to economists, there are two types of activities within an economy. On the one side, there…

Q: Identify from the situation positive and normative economics and give your reasons.

A: Positive and normative economics are the two disciplines of modern economics.Positive economics…

Q: Explain with example, how to construct economic model

A: An EM {economic model} is described as the clear version of reality that allows individuals to…

Q: For each statement, indicate whether it is a positive or normative statement. Provide your reasoning…

A: Positive analysis tests the reliability of hypothesis against facts. It could either be true or even…

Q: Give one example each of a positive and a normative statement.  Use your own example and not one…

A: The value of economic fairness, or what the economy "should" or "ought to be," is that the focus of…

Q: 1.1 Factors of production A. are normative concepts. B. are studied primarily in microeconomics. C.…

A: A production function represents the technical relationship of the manufacturing output with the…

Q: "Mexico did well to break with Cuba. Enough, it was time. Cuba must allow the entrance of the UN…

A: The branches of economics are positive and normative economics. Positive Economics aims to…

Q: Which would be a normative economic statement? C The poverty rate hit a new high last year C Prices…

A: Answer -  Normative Economic Statement : - It is statement that indicates opnion of an individual .…

Q: What are the definition of economics, microeconomics and macroeconomics?

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: What is normative statement, explain with an example?

A: Economics is based on two concepts wherein the theoretical part is divided into positive and…

Q: Differentiate between normative and positive economics ?

A: Positive economics: It is all about the economic issues that were there in the past, are there in…

Q: 1. For each of the following statements, determine if it is positive or normative. (a) Seattle is…

A: The given statements are either positive or normative. Positive statements are statements that are…

Q: Explain the difference between positive and normative analysis, backing your explanation with…

A: Positive analysis: - positive analyses are those statements which described the things as it is and…

Q: What is the difference between positive and normative economics? Why are positive questions easier…

A: Positive economics is a stream of economics focused on identifying, quantifying, and explaining…

Q: Why do many think of normative economics as subjective?

A: Normative economics is a branch of economics which deals with the question about economy and what…

Q: Analyze the positive versus normative arguments in the following case. Give an example of positive…

A: A positive statement states a fact. In this case the positive statement could be: ‘Air Bags add an…

Q: What is a Positive or Normative statement. 1. The moon is made of green cheese. 2. I think…

A: Positive economics majorly dealt with what is happening to the macroeconomic variables or what is…

Q: What is economics and why is it a relevant subject?

A: Economics is the study of putting the scarce resources to the best possible use that would increase…

Q: The statement "government should provide affordable health care coverage for every member of…

A: In economics, we can undertake statements in two manners. One in which they are based on facts and…

Q: ACTIVITY TO DO: ESSAY: Explain the question in five (5) sentences 1. Identify which of the following…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: What is economics as a social science

A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…

Q: 11. Who among the following are the important personalities in the field of Anthropology a. Edward…

A: Answer in Step 2 Note: As per bartleby guidelines i have to answer only first 3 part of questions…

Q: ether each of the following statements are positive or normative. positive statement normative…

A: Positive Statements :  The unemployment rate in 2009 was lower than it was in 2018.  The…

Q: xplain the difference between positive and normative analysis

A: Normative analysis The analysis which is subjective and based on value judgements and assumptions.…

Q: Define positive and normative statements and give four examples of each.

A: Economics is a social science that is responsible for generating theories in addition to studying…

Q: A union leader states that: "The government should provide subsidies to unemployed workers…

A: The statement which is subjective and based on value judgements and assumptions. Providing any view,…

Q: a good theory or model nat is an economic theory or model? What constitutes a "good" economic theory…

A: In economics, economic agents have to make rational choices so that the limited resources in the…

Q: Are the following statements positive or normative statements? v 1. The United States was founded in…

A: Positive statement: - positive statements are those statements that described things as it is and is…

Q: Do economists have any particular expertise at making normative arguments? In other words, they have…

A: Both positive and normative economics are the branches of modern economics. The positive analysis…

Q: Exaplain the difference between normative and positive economics. Give examples of normative and…

A: These two are the branch of Economics.

Q: Economic Systems and Decision Making Economic System Three economic questions are determined by:…

A: Economic System refers to which societies or government organize & distribute available…

Q: Explain the difference between positive and normative economics Consider the following two…

A: "Since you have posted multiple questions.We will solve first question for you.If you want specific…

Q: Which of the following is an example of a normative statement? A. An increase in the minimum wage…

A: Consider the positive and normative statement definitions Positive statement: it tells us how the…

Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.