Explain normative and positive economics

Assignment Help Business Economics
Reference no: EM133082323

Can you explain normative and positive economics. Could you please explain the difference between the two and give some examples?

Reference no: EM133082323

Questions Cloud

Explain the smooth growth trend line : Why does output move up and down rather than just staying on the smooth growth trend line?
Unemployment is unavoidable in a dynamic economy : Do you think that unemployment is unavoidable in a dynamic economy? Or do you agree that full employment is something less than 100 percent employment of the la
Explain the production function : Suppose that for the production function q = f(L, K), if L = 3 and K = 5, then q = 10. Is it possible that L = 3 and K = 6 also produces q = 10 for this product
Describe academic papers in the future : In the Activity titled "Signal Phrases," search for a scholarly article online. Using the direction from this Activity, show how you would introduce a quote fro
Explain normative and positive economics : Can you explain normative and positive economics. Could you please explain the difference between the two and give some examples?
Calculate the probability of survival : The lifeboats were loaded using the usual "women and children first" (followed by the ship's officers). In order to investigate this protocol, you calculate the
Find the production approach value : The following activties occour in 2018 for a small economy with two firms and households Miller pays its workers 5,000 to produce flour the flour is then sold t
What is expected economic value added : Susan Jones has a job as a pharmacist earning $55,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $65,000 p
Explain why the communication is effective : Explain why the communication is effective and why the communication is ineffective. Next, you will need to discuss what you could do to improve your identified

Reviews

Write a Review

Business Economics Questions & Answers

  Consulting firm is interested in hiring college graduates

A small consulting firm is only interested in hiring College graduates (denoted by S), but it does not know how many it should hire in order to be profit maximizing. Assume there is a competitive wage of $20 per hour and the production function is F(..

  Eating avocado also crab dip with four crackers

Kathleen likes avocado also crab dip. After eating avocado also crab dip with four crackers, she switches to cheese with crackers.

  Capital stock at the end of the year

Capital stock at the end of the year of this economy to remain constant as the beginning of the year, how much investment is needed.

  Part of the underwriting process

Which of the following is not part of the underwriting process

  Identify two rationing tools other than market forces

Explain this function. Identify two rationing tools other than market forces.

  What is the traditional story of the enclosure movement

- What is the "traditional story" of the Enclosure movement? Criticize this story.

  Relationship between labor-capital as factors of production

There has been an increasing trend towards outsourcing manufacturing from the US. In the tennis shoe manufacturing industry, some companies such as New Balance still manufacture some portion of their products in the US despite the opportunity of chea..

  Demand for commodity is represented by the equation

ADVANCED ANALYSIS Assume that demand for a commodity is represented by the equation P = 90 - 2Qd and Supply is represented by the equation P = -5 + 3Qs where Qd and Qs are quantity demanded and quantity supplied, respectively, and P is price.

  Operated out of boston harbor

For many years, a large number of charter boats have operated out of Boston Harbor that take people out to fish.

  Demonstrate how those forces can lower profitability

Porter’s five forces of competition are as follows. Give an example of an industry where profitability is low (besides the airline industry). Apply the 5 forces to your chosen industry and demonstrate how those forces can lower profitability.

  Debating connections between business-law-politics

Discuss the three branches of government and the role each has to play in our system, including the checks and balances that each has on the others. Analyze and evaluate the various issues presented while arguing and debating the connections between ..

  Technology based-quality based or cost based

Success of a company investing and operating in a foreign country depends on the competitive advantage of the company. The entry strategy could be technology based, quality based, or cost based. Explain and comment.

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