« previous next »

Author Question: What is the difference between positive and normative analysis? What will be an ideal ... (Read 37 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jun 30, 2018
What is the difference between positive and normative analysis?
 
  What will be an ideal response?

Question 2

The international institution that serves as a lender of last resort is called the
 
  A) IBRD.
  B) WTO.
  C) IMF.
  D) World Bank.
  E) GATT.


essyface1

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

Positive analysis refers to the attempt to answer descriptive questions, focusing on economic behavior without making recommendations about what is or ought to be. On the other hand, normative analysis makes value judgments regarding what is or should be.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Difference of Squares Difference of Squares
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Four common staining procedures used in chromosomal analysis. Most karyotypes are prepared using G-b Four common staining procedures used in chromosomal analysis. Most karyotypes are prepared using G-b
Northern blot analysis of dfmr1 gene expression in Drosophila ovaries and embryos Northern blot analysis of dfmr1 gene expression in Drosophila ovaries and embryos
linear programming problem, applying simplex method and sensitivity analysis linear programming problem, applying simplex method and sensitivity analysis
GENETIC ANALYSIS GENETIC ANALYSIS
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library