Which of the following is an example of a normative, as opposed to positive, statement?
a. Following the most recent recession, the economy is recovering at a slower than usual pace.
b. To stimulate the economy during the most recent recession, the federal government increased spending.
c. In response to the most recent recession, the federal government extended the duration of unemployment benefits.
d. The federal government's responses to the most recent recession were insufficient.
d
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Refer to Figure 5-4. What does S2 represent?
A) the market supply curve that reflects external cost B) the market supply curve that reflects social benefit C) the market supply curve that reflect private cost D) the market supply curve that reflects social cost
Define a sole proprietorship
What will be an ideal response?
The majority of Medicaid dollars goes to poor families with children
Indicate whether the statement is true or false
Refer to the information provided in Figure 4.5 below to answer the question(s) that follow.
Figure 4.5Refer to Figure 4.5. Assume that initially there is free trade. The quantity of CD-Rom drives supplied by U.S. firms will increase by 3 million CD-Rom drives if the United States then imposes ________ tariff per CD-Rom drive on imported CD-Rom drives.
A. no B. a $10 C. a $15 D. a $25