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Author Question: Normative analysis is very important to public finance because _____. a. public policy enacted by ... (Read 189 times)

TFauchery

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on: Jul 1, 2018
Normative analysis is very important to public finance because _____.
 
  a. public policy enacted by government is the result of voting by individuals
  b. positive analysis is full of value judgments
  c. we should be concerned with how the world works
   d. voluntary exchanges are economically efficient

Question 2

Equity and efficiency _____. Thus, _____.
 
  a. are always consistent with each other; trade-offs between the two are necessary
  b. are never consistent with each other; trade-offs between the two are unnecessary
  c. might be consistent in certain situations; trade-offs between the two might be necessary
   d. might be consistent in certain situations, trade-offs between cannot be made


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irishcancer18

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


TFauchery

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
Excellent

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