Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 4SQP
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Question
1. Define positive and normative economics.
2. Is the following positive statements or normative statements?
- The government should send families $1000 per child even if they do not pay taxes.
- Rich people are healthier than poor people?
- Growth in Barbados is slower than growth in Bermuda?
- The Caribbean should pursue a free trade agreement with the USA?
- Income taxes are hurting the poor and should be eliminated?
3. a. What is
b. What can cause market disequilibrium?
4 . Under a country's
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