Illustrate normative statement
In economics illustrate normative statement?
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The term normative statement in economics is just like a normative statement in any other academic subject. We can say it is a statement about something with an implicit value judgment or moral claim.
It is differ from a descriptive statement i.e. supposed to be ideologically or value neutral.
A monopoly is a type of market structure in that one: (w) seller makes up the industry. (x) giant firm is a price taker. (y) barrier to entry exists. (z) giant firm is the particular buyer of resources. Q : Pure competition in product and When no goods generate external costs or benefits within their consumption or production and when the income distribution is deemed acceptable, in that case economic efficiency is promoted through: (w) government inte
When no goods generate external costs or benefits within their consumption or production and when the income distribution is deemed acceptable, in that case economic efficiency is promoted through: (w) government inte
I have a problem in economics on spending pattern in Substitution Effects. Please help me in the following question. Even when your real income were held steady by adjusting for price modifications, your spending pattern would react to modifications in relative prices
Wal-Mart business practices have been criticized like destroying small town America. Therefore argument is that Wal-Mart will build a new store and firstly set prices so low that they ultimately drive off all rival businesses. As per its foes, after their rivals move
Whenever total utility is at a maximum, then marginal utility is: (1) Rising. (2) Reducing. (3) Zero. (4) Similar as total utility. Can someone help me in getting through this problem.
An instance of the principal-agent trouble would be: (i) The student failing an exam since he did not study. (ii) The crook being caught as he made much noise. (iii) My son purchase baseball cards with the money I gave him to purchase milk for t
The marginal tax rate onto earned income in the negative income tax system demonstrated in this figure is: (1) 15 percent. (2) 20 percent. (3) 25 percent. (4) 33.3 percent. (5) 50 percent.
For Pixie's cheesy fried grits demand is perfectly price inelastic at a price of: (w) P4. (x) P2. (y) 0. (z) None of the above. Q : Income Distribution and Satisfaction Some researchers have determined that citizens of some prosperous countries [for example, Japan] explain themselves as “happy” far less frequently, onto average, than citizens of a few poorer nations [for example, Indonesia]. Nevertheless, almost all studi
Some researchers have determined that citizens of some prosperous countries [for example, Japan] explain themselves as “happy” far less frequently, onto average, than citizens of a few poorer nations [for example, Indonesia]. Nevertheless, almost all studi
When equilibrium moves from point a to point b, the simple market experiencing a raise in supply is demonstrated within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Discover Q & A Leading Solution Library Avail More Than 1437621 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1960853 Asked 3,689 Active Tutors 1437621 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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