Which of the following is a normative economic statement?
A) An increase in corporate income taxes will cause the unemployment rate to increase.
B) The costs of medical care are increasing faster than the incomes of U.S. citizens.
C) Teenage unemployment is over ten percent.
D) Teenage unemployment is too high.
Question 2
Refer to the above figure. Production at Point E
A) would indicate that this economy is producing beyond its capabilities.
B) would indicate production at a level below that which is attainable.
C) is not attainable with given resources and technology.
D) would demonstrate a total lack of technical expertise.
Sources of income for U.S. population aged 65 and over.
The More Things Change, The More They Say the Same: Dividing the Nation's Income
Effect of an Increase in R&D in the Follower Country on the Steady State
Construct a Lorenz curve that shows income distribution in this society.
economic question
economic question