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Author Question: Government should act to reduce poverty levels. A) This statement is a normative statement. B) ... (Read 223 times)

rosent76

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on: Jun 29, 2018
Government should act to reduce poverty levels.
 
  A) This statement is a normative statement.
  B) This statement is a positive statement.
  C) This statement is an example of the fallacy of composition.
  D) This statement is an example of the post hoc fallacy.

Question 2

If a market is NOT in equilibrium, then which of the following is likely to occur?
 
  A) The demand curve will shift to bring the market to equilibrium.
  B) The supply curve will shift to bring the market to equilibrium.
  C) The price will adjust to bring the market to equilibrium.
  D) Both A and B are correct.


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snackralk

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

A

Answer to Question 2

C


rosent76

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

atrochim

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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