The analysis of the behavior of individual decision-making units is the definition of: a. microeconomics. b. positive economics. c. normative economics. d. macroeconomics. a. Identify which of the four economic principles of individual choice appli...
Determine whether the following statement is positive or normative: "Pollution is the most serious economic problem." Which of the following statements is (are) correct? (x) Positive statements are descriptive. Normative statements are prescriptive, making claims about h...
Answer to: Determine whether or not the following is a positive economic statement: "Pollution is one of the most serious economic problems." By...
(including, whether or not otherwise includable as a separate item in the statement of such Combined Net Income for such period, non-cash gains on the sales of assets outside of the ordinary course of business) and (ii) any other non-cash income, all as determined on a combined basis,...
Economics is a discipline that has traditionally maintained (or at least insisted that it is important to maintain) a strict dichotomy between the positive and the normative; economic science tells (or should tell) us what “is” the case, while normative and ethical inquires tell us what “ou...
CAIRO, July 29 -- Egypt has achieved positive economic indications in the fiscal year 2019-2020 compared to the previous year amid the COVID-19 impact, said Egyptian Prime Minister Mostafa Madbouly in a statement on Wednesday. The fiscal year in Egypt begins in July. ...
The U.S. has agreed to provide humanitarian aid to a desperately poor Afghanistan on the brink of an economic disaster, the Taliban said Sunday. The U.S. statement was less definitive, saying only that the two sides "discussed the United States' provision of robust humanitarian...
A perfect competitor can reap an economic profit in the short run. State true or false and justify your answer: Incentives can be either positive or negative. A public good is a good that has positive externalities. Is the statement true or false? If a...
To mark today’s inauguration of President Biden, I am sharing below a blog I posted four years ago (9/20/16) about President Obama’s perspective on what it took for his administration to solve the economic crises our country faced when his presidency began. President Biden and the country...
An example of a normative economic statement is: "The government should provide basic healthcare to all citizens." As you can deduce from this statement, it is value-based, rooted in personal perspective, and satisfies the requirement of what "should" be. One of the most famous normative ...