________ analysis addresses the question of whether a policy should be used, while ________ analysis addresses the economic consequences of a particular policy.
A. Monetary; fiscal
B. Fiscal; monetary
C. Positive; normative
D. Normative; positive
Answer: D
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Price discrimination by a monopoly
A) increases consumer surplus. B) decreases consumer surplus. C) increases the firm's profit. D) Both answers B and C are correct.
Special drawing rights (SDRs) are
A) a reserve asset created by the International Monetary Fund that countries can use to settle international payment obligations. B) a liability payment from a branch bank to a nation's central bank. C) a country's surpluses in their fiscal budgets. D) exchanges of gold between nations.
If Tattling Tina wants to not be hit, what strategy could she follow
a. Threaten to not tell b. Always not tell c. Threaten to tell d. All of the above
The Haig-Simons definition of income includes
A. employer pension contributions and insurance purchases. B. transfer payments. C. income in-kind. D. all of these answer options are correct.