« previous next »

Author Question: The president of the world's biggest polluter (the United States) needs to do more than propose ... (Read 61 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
The president of the world's biggest polluter (the United States) needs to do more than propose well-intentioned but insufficient measures that amount to using a squirt gun to quell a raging fire. Is this a positive or a normative economic statement? Explain your answer.

Question 2

Which of the following is not part of GDP?
 a. the value of a new home built and purchased during the year
 b. the value of shares of Microsoft stock bought and sold during the year
  c. the value of long distance telephone services rendered during the year
  d. the value of new furniture produced during the year


pocatato

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

This statement is normative. The key is the phrase the president... needs to do more. This is a value judgment on the speaker's part.

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Chloroplasts Feed the World Chloroplasts Feed the World
This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
Is the self the same as the brain? Materialists contend that in the final analysis, mental states ... Is the self the same as the brain? Materialists contend that in the final analysis, mental states ...
GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering
Groundwater troubles in the United States Groundwater troubles in the United States
Regions of the world where malaria is endemic are shown Regions of the world where malaria is endemic are shown
Video: Fertilization and Development

For a complete list of videos, visit our video library