Author Question: A government subsidy paid to a firm i. increases the demand for the good. ii. has no effect on the ... (Read 36 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
A government subsidy paid to a firm i. increases the demand for the good. ii. has no effect on the supply of the good. iii. leads to an increase in the equilibrium quantity.
 
  A) i only
  B) i and ii
  C) ii only
  D) iii only
  E) i and iii

Question 2

Positive and normative statements differ in that
 
  A) positive statements can be tested, whereas normative statements cannot.
  B) normative statements can be tested, whereas positive statements cannot.
  C) normative statements depict what is and positive statements depict what ought to be.
  D) normative statements never use the word should.



Ahnyah

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

Medication errors are three times higher among children and infants than with adults.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

For a complete list of videos, visit our video library