Economists typically use ____ analysis, whereas clergy members typically use ____ analysis
a. positive; positive
b. normative; normative
c. positive; normative
d. normative; positive
c
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The fundamental force that generates international trade is
A) the need for more goods and services. B) absolute advantage. C) the sea rule. D) comparative advantage. E) the existence of tariffs.
A certain amusement park offers a 50 percent discount to kids between the ages of 8 and 14 years. This is an example of:
A) shadow pricing. B) first-degree price discrimination. C) third-degree price discrimination. D) second-degree price discrimination.
When considering rent seeking, which of the following is TRUE?
A) The anti-free trade group generally will lobby more than the pro-free trade group. B) The pro-free trade group generally will lobby more than the anti-free trade group. C) Usually only the anti-free trade group is concerned about what is best for society at large. D) Only the pro-free trade group is concerned about the government's revenue from tariffs.
In what way is development economics greater in scope than traditional economics?
What will be an ideal response?