Refer to Scenario 1.2 below to answer the question(s) that follow.SCENARIO 1.2: A scientist wants to understand the relationship between automobile emissions and the level of global warming. The scientist collects data on the volume of automobile emissions and the levels of global warming over time. The scientist concludes that a 1% increase in automobile emissions causes a 0.0003% increase in average global temperatures. From this information he concludes that the automobile emissions are harmful to the environment and should be reduced to stop the increase in global temperatures.Refer to Scenario 1.2. The statement, "automobile emissions are harmful to the environment and should be reduced to stop the increase in global temperatures," is an example of
A. normative economics.
B. the fallacy of logic.
C. positive economics.
D. marginal economics.
Answer: A
You might also like to view...
If the interest rate fell below the equilibrium rate, people would attempt to __________ bonds. Bond prices would __________ and the interest rate would __________
A) sell; rise; fall B) buy; rise; fall C) sell; fall; rise D) buy; fall; rise
The ratio of the liabilities of a financial institution to equity capital is called
A) leverage. B) assets. C) liabilities. D) equity.
Demand for a good is said to be inelastic if the quantity demanded increases substantially when the price falls by a small amount
a. True b. False Indicate whether the statement is true or false
Economists
a. agree that the costs of moderate inflation are low and that the cost of reducing inflation is small. b. agree that the costs of moderate inflation are low, but disagree about the cost of reducing inflation. c. disagree about the costs of moderate inflation, but agree that the cost of reducing inflation is small. d. disagree about the costs of moderate inflation and disagree about the cost of reducing inflation.