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Author Question: Which of the following statements is a normative as opposed to a positive economic statement? A) ... (Read 152 times)

RODY.ELKHALIL

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on: Jun 29, 2018
Which of the following statements is a normative as opposed to a positive economic statement?
 
  A) Consumer spending generates more jobs.
  B) If the price of gasoline goes up, people buy less.
  C) Labor unions should be allowed to organize in every industry.
  D) Government intervention in markets is common in many countries.

Question 2

An effective price ceiling usually generates
 
  A) fire sales as firms try to unload their excess inventories.
  B) higher nominal prices.
  C) the use of nonprice rationing devices.
  D) happy sellers and dissatisfied buyers.


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Benayers

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


RODY.ELKHALIL

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

T4T

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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