Explain whether the statement, "There is life on Mars," is a normative or positive statement
What will be an ideal response?
The statement is a positive statement because it does not depend on a value judgment. Instead, it is a statement that tries to describe "what is" and hence is testable. Of course, in order to test the assertion, it would be necessary to go to Mars to ascertain if there is life present. While it is difficult (!) at present to actually carry out the test, nonetheless the statement is testable and hence is a positive statement.
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Monopolies are discouraged in the United States because
A) they are more efficient than other industries. B) they can produce at lower cost in the short run. C) they restrict output and boost prices. D) they hire too many workers.
What best describes westward movement of population between 1800-1860?
a. The 1850s was the decade when the largest number of people moved to the west. b. The large increase in and sales in this period was based on speculation. c. Migrants moved to the west because they were "pushed" out of the east, where conditions were getting worse. d. Corn prices were relatively low in the decades when migration to the west was largest.
Graphically the intersection of the aggregate demand curve, the short-run and long-run aggregate supply curves determines:
A. the expansionary gap. B. long-run equilibrium. C. the recessionary gap D. short-run equilibrium.
All of the following are economic functions of the government EXCEPT
A) providing a legal system. B) determining the wage rate for most jobs. C) promoting competition in the market. D) providing public goods.