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Author Question: The government should provide health care for all citizens. This statement is an illustration of: ... (Read 89 times)

Collmarie

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on: Jun 30, 2018
The government should provide health care for all citizens. This statement is an illustration of:
 a. positive economic analysis. b. correlation analysis.
  c. fallacy of association analysis. d. normative economic analysis.

Question 2

Which of the following is a normative economic statement?
 a. The unemployment rate for the United States is currently 5.4 percent.
  b. The inflation rate in the United States is too high.
  c. An increase in the price of a good will reduce the amount purchased.
  d. Higher profits in an industry will attract more entrepreneurs into the industry.


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bigsis44

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Collmarie

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

mjenn52

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

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