This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements is a normative as opposed to a positive economic statement? A) ... (Read 190 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Benayers

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


RODY.ELKHALIL

  • Member
  • Posts: 591
Reply 2 on: Jun 29, 2018
Wow, this really help

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
Will Posting Nutritional Content in Restaurants Have a Positive Impact on the Obesity Epidemic? Will Posting Nutritional Content in Restaurants Have a Positive Impact on the Obesity Epidemic?
economic economic
economic question economic question
economic question economic question
Video: The Vestibular System

For a complete list of videos, visit our video library