Homework Clinic
Social Science Clinic => Economics => Topic started by: yoroshambo on Jun 29, 2018
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Which of the following is NOT a normative statement?
A) People buy more of a good or service when its price falls.
B) The distribution of income is fair.
C) The government ought to provide health care to everyone.
D) Corporations should be more socially responsible.
Question 2
The figure above shows the market for education, a good possessing an external benefit. In order to attain the efficient number of students, a government subsidy must equal ________ per student.
A) 2,000
B) 8,000
C) 6,000
D) 10,000
E) 16,000
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Answer to Question 1
A
Answer to Question 2
C
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thank you