Define normative or positive economic analysis

Assignment Help Macroeconomics
Reference no: EM131443391

Question: Decisions as to the allocation of human organs for transplant are based on characteristics such as "blood type, weight, and age; urgency of need; and length of time on the waiting list" (quoted from the Transplant Resource Center of Maryland, https://www.mdtransplant.org/topicsa2.htm). Suppose you were on a transplant committee that was permitted to consider other factors. Do you think that the life of a person who is beloved by many family members and friends should be given greater weight than a person with few friends? Should the chief executive officer of a major corporation be given preferential treatment over someone who is a cook at McDonald's? How about Mickey Mantle, a famous baseball player who battled alcoholism? Do these queries fall into the realm of normative or positive economic analysis?

Reference no: EM131443391

Questions Cloud

What are the main ideas : What are the main ideas / key points of the chapter and what connections can you make between what you already know and the content of the chapter?
Create a resource as a way to share this information. : You are a community health educator and you have been tasked with developing a presentation to be given in a setting to educate an audience on one specific kind of diabetes.Create a 350- to 700-word resource as a way to share this information. Exam..
What is the agent of the centripetal force for the satellite : 1. Construct a force diagram for the satellite described in the statement above. 2. What is the agent of the centripetal force for the satellite? 3. How much work is done on the satellite during one complete orbit of the earth? Explain
Create a report that analyzes contemporary best practice : Create a report that describes and critically analyzes at least 5 contemporary best practices to improve customer loyalty in a health care organization.
Define normative or positive economic analysis : Decisions as to the allocation of human organs for transplant are based on characteristics such as "blood type, weight, and age; urgency of need.
Develop a document that contains the community resources : For this assignment, develop a document that contains the community resources for breast cancer patients.Discuss the steps that will be taken to gather and present the information. Include a procedure to update the information on a regular basis.
How the organization would benefit from considering concepts : BUSI 409- How the organization would benefit from considering the concepts you have chosen? How the application of the topic reflects God's purpose or design?
Describe the unique challenges healthcare organizations : Defense mechanisms (e.g., human behavior driven) and high financial cost (e.g., organizational system/budget driven) are two leading factors in resistance to change - Healthcare organizations, as with other types of organizations, vary in their c..
Discuss about the random sampling : Random sampling is used to randomly choose study participants from a large group. Each person in the population has an equal chance of being chosen. This type of sampling eliminates bias as there is no control over who is selected to participate. ..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd