Author Question: Trade barriers should be removed to promote the welfare of the country. This is a(n) A) positive ... (Read 38 times)

erika · **on:** Jul 1, 2018

Trade barriers should be removed to promote the welfare of the country. This is a(n)

A) positive statement.
B) negative statement.
C) inverse statement.
D) normative statement.

Question 2

Suppose a market were currently at equilibrium. A rightward shift of the demand curve would cause

A) an increase in price but a decrease in quantity.
B) a decrease in price but an increase in quantity.
C) an increase in both price and quantity.
D) a decrease in both price and quantity.