In their study of the effect of legalized abortion on crime rates, Steven Levitt and John Donohue applied
A. positive economic analysis.
B. normative economic analysis.
C. the principle of individual sovereignty.
D. value judgments.
A. positive economic analysis.
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Which of the following is a way to tax leisure?
a. Tax complements to leisure. b. Subsidize substitutes to leisure. c. Increase income taxes. d. Tax unearned income.
Chelsea wants to start her own Christmas ornament business. She can purchase a suitable factory that costs $100,000 . Chelsea currently has $150,000 in the bank earning 3 percent interest per year. Suppose Chelsea purchases the factory using her own money. What is Chelsea's annual implicit opportunity cost of purchasing the factory?
a. $2,000 b. $3,000 c. $4,500 d. $5,000
National defense is an example of a _____________________.
Fill in the blank(s) with the appropriate word(s).
The ECB now frequently uses ________ to inject reserves into the banking systems of countries that use the Euro.
A. an outright sale of securities. B. an outright purchase of securities C. repurchase agreements D. discount loans