This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A positive economic statement is always true and a normative economic statement is always false. Do ... (Read 229 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jun 29, 2018
A positive economic statement is always true and a normative economic statement is always false. Do you agree or disagree with this statement? Explain.
 
  What will be an ideal response?

Question 2

Suppose that 20,000 tickets were sold at 120 for an NBA game at Madison Square Garden in New York. The game was sold out and some fans could not get tickets. This suggests that
 
  A) selling price was below equilibrium price.
  B) selling price was above equilibrium price.
  C) selling price was at equilibrium.
  D) the game was advertised too heavily.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

miss_1456@hotmail.com

  • Sr. Member
  • ****
  • Posts: 289
Reply #1 on: Jun 29, 2018
Answer to Question 1

Disagree. A positive statement is one that is either descriptive or makes a prediction of the type if A, then B. A descriptive statement can be false. For example, the statement, It is raining today, may be either true or false. A prediction can also be false. A normative statement cannot appeal to evidence. The statement, It shouldn't rain today, cannot be evaluated as either true or false by looking to see if is raining or not.

Answer to Question 2

A


Yolanda

  • Member
  • Posts: 757
Reply 2 on: Jun 29, 2018
Excellent

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Flow data for a healthy donor (top panel) and a HIV positive patient. CD3 is a T-cell marker, CD4 is ... Flow data for a healthy donor (top panel) and a HIV positive patient. CD3 is a T-cell marker, CD4 is ...
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
economic economic
economic question economic question
Both Chvostek sign, A, and Trousseau sign, when positive, B Both Chvostek sign, A, and Trousseau sign, when positive, B
Video: Role of transport in a cell

For a complete list of videos, visit our video library