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Explain whether each of the following statements is positive or normative:
i.Embargoes and quotas should reduce general economic welfare
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- Question 12 of 23 Classify each of the statements as an example of positive or normative analysis.. The sugar quota in the United States costs consumers $6.08 billion a year. Positive Higher tariffs on imported automobiles would decrease the demand for Normative foreign made cars. International trade should be be limited because it can cause some workers Positive to lose their jobs. International trade makes some people better off and some people Normative worse off. The U.S. should impose import quotas in the market for consumer Normative electronics to help domestic workers. The sugar quota in the U.S. is good public policy and should be Positive made stronger. Answer Bank Normative Positive MacBook AirWhich of the following is most likely to be a free good? schools sunlight jeans that are sold at clearance prices a new restaurant giving away free tacos on "Taco Tuesday" as a way to kick-start its business(a) What is market failure? discuss two causes of market failure. describe briefly how a government could address these market failures. (b) Discuss this normative statement: “Governments should use targeted industry policy to assist specific firms, and industries achieve sustainable competitive advantage”.
- (a) What is market failure? List and discuss two causes of market failure. describe briefly how a government could address these market failures. (b) Discuss this normative statement: “Governments should use targeted industry policy to assist specific firms, and industries achieve sustainable competitive advantage”.Why is immigration central to what a free market means?Free Markets are a way of connecting people who may mutually benefit by exchanging goods and services through a process of buying and selling. a) Identify a local/global problem that might be caused by an economic policy that is based on the belief that free markets deliver the best economic and social outcome for society.
- In rural or urban areas, why some economist suggested that we need to focus on the following sectors: agriculture, manufacturing, commerce and services?Basics of Economics problem. Boycotts.Kyoko has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accounting firm's website in exchange for someone at the firm doing the startup's tax returns. Which of the following principles of economic interaction best describes this scenario? Trade can make everyone better off. When markets do not achieve efficiency, government intervention can improve overall welfare. All costs are opportunity costs. Markets allocate goods effectively.
- The interactions of producers and consumers in individual markets are part of the study of microeconomics.normative economics.monetary economics.macroeconomics.consumer economics. Flag this QuestionWhat are the three (3) most important things that you believe should be done to reduce hunger in our country(philippines)?Which of this is a following is a normative statement: Select one: The correlation between the full moon and increased crime and wild animal attacks suggests werewolves are a concern in some areas A car scrappage scheme will lead to fall in the price of second hand cars A fall in incomes will lead to a rise in demand for the own-label supermarket foods The movie industry is an evil
