Difference between positive and normative economics
What is the difference between positive and normative economics? Which is more prevalent in today's economics? Why?
What role, if any, do ethics play in positive economics? What role do ethics play in normative economics?
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Hera earned $175,000 salary in 2013. Her husband, Zeus, earned $100,000 salary in 2013. Hera and Zeus file a joint tax return. How much FICA taxes will they owe in 2013?
Olaf files joint return with wife. her taxable income is $174,000 last year - their taxable income for the current yeare excluding the loss from tornadao is $250,000. Determine the amount of Olaf and Anna's loss and the year in which they should t
Can confidence intervals be constructed in the usual way? Evaluate these statements: "Measurement error in the X's is a serious problem. Measurement error in Y is not."
Anthony's basis in the WAM Partnership interest was $200,000 just before he received a proportionate liquidating distribution consisting of investment land (basis of $90,000, fair market value of $100,000),
Solve the two equations for Q and P to show how Q and P depend on U and V. Derive the variance of P, the variance of Q, and the covariance between Q and p.
Chain Eastern Airlines Corporation limited prepares a set of financial statements in accordance with IFRS. Until 2007 the company also provided a reconciliation of IFRS net income and net assets to US GAAP.
Find the profit-maximizing choice of q for this small farm, and calculate the profits that will be earned at this choice of q.
Would the answer to Question 6a change if Don and Paul form a limited partnership with Paul serving as the general partner. Can anything be done to prevent reallocation of the losses?
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