Which of the following is an example of a normative statement?
a. The moon is made of green cheese.
b. Women should earn the same income as men.
c. When the price of a good rises, people will buy more of it.
d. The more time you spend studying, the higher your economics test scores will be.
e. The more time you spend studying for chemistry, the higher your economics test score will be.
B
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Refer to Scenario 14.1. Marco's dominant strategy is to schedule ________, and Lisette's dominant strategy is to schedule ________,
A) 1 visit; 1 visit B) 1 visit; 2 visits C) 2 visits; 1 visit D) 2 visits; 2 visits
It is possible that a voucher program could erode the public nature of public schools, effectively turning all schools into private schools
a. True b. False
Consider the production possibilities frontier in the figure shown. As more and more cars are produced the opportunity cost of producing more cars:
A. decreases.
B. stays the same.
C. increases.
D. decreases then increases.
A vertical demand curve has an elasticity of demand equal to zero
a. True b. False Indicate whether the statement is true or false