Normative analysis offers decision makers the most valuable information when choosing among alternatives
Indicate whether the statement is true or false
False. Normative analysis states subjective goals but not how those goals can be achieved. To choose among alternatives decision maker uses positive analysis.
You might also like to view...
To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. Referring to the above figure, the area that equals the tax revenue the government raises from this tax on sports equipment is
A) P1P3ed. B) ecd. C) P0P2ca. D) P1P2cb.
How much is a bond worth today if it pays $50 in coupon payments for 3 years and $1,000 at the end of the third year, and the interest rate is 10%?
A) $876 B) $952 C) $1,045 D) $1,150
Both liberal and conservative economists believe that:
A. that people make choices without reasoning. B. economic incentives are important. C. people are little influenced by sociological effects. D. they have nothing in common.
If only one player in a game has a dominant strategy, there can be no Nash equilibrium
Indicate whether the statement is true or false