During a presidential campaign, the candidates from each party typically describe their plans to maintain or change federal taxes on personal and business income. Are these policy statements generally positive or normative in nature?
A. Both positive and normative
B. Positive
C. Normative
D. Neither positive or normative
C. Normative
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Refer to the figure below. If Mallory and Rick are the only two consumers in this market and the price of soda increases from $0.75 to $1.00 per can, the quantity of soda demanded in the market will ________ by ________ cans per week. 
A. decrease; 20 B. increase; 40 C. increase; 20 D. decrease; 40
Economists believe that people who force themselves to always eat everything on their plate at a restaurant, regardless of how full they might feel, likely do so because:
A. they gain negative utility from insulting the chef. B. they overvalue the opportunity costs of their health and time involved with eating food they don't really want. C. they include the sunk cost of their meals in making their decision. D. they undervalue the true benefit of eating too much.
Which best describes the backing for money in the United States?
A. The gold stored in the Federal Reserve Bank of New York. B. The acceptability of it as a medium of exchange. C. The size of the budget surplus in the U.S. government. D. The willingness of foreign government to hold U.S. dollars.
In Figure 29.1, the area that represents the producer surplus under perfect competition is
A. FPPCC. B. PPCAC. C. FPmonopolyBE. D. PmonopolyAB.