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What is the difference between a normative and positive statement? Can you provide examples as well?
the law of demand states thata. consumers buy a good based on many other factors other than the price of the goodb.
Estimate the relationship among inflation and unemployment.
Some politicians in countries that are the recipients of large numbers of immigrants advocate adopting laws requiring immigrants to learn the local language within a specified period of time.
defines and explains a closed system and provides an example. defines and explains an open system and provides an
If the cost effectiveness of an anti-smoking behavioral intervention targeting youth is $100,000 per QALY (i.e. expensive to implement for the healthy years gained) why do you think that funding this program would still be considered feasible from..
A farmer must decide what combination of seed, water, fertilizer, and pest control will be most profitable for the coming year. The local agricultural college did a study of this farmer's situation and prepared the following table
Is either of the selected countries still in an agrarian phase of economic development? An industrial phase? Explain. Can you find a country that is still in the agrarian phase of development
A consumer lives three periods, called the learning period, the working period, and the retirement period. Her income is 200 during the learning period,
You have been employed as an economist to advise the Department of Health and the Federal Government about the following issue. The minister has argued that raising the tax on alcohol is the most effective way to reduce alcohol abuse in our societ..
As a result what happened to the AD curve is unclear. An increase in government expenditures shifts the AD curve to the right while an increase in taxes shifts it to the left. Depending on the relative shifts, the AD curve could shift to the left,..
Why is a change in the age structure of the population, increasing the proportions of young or old workers in the labour force, likely to change the natural rate of unemployment?
Describe the functions also role of law in business and society.
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