Chapter 2: Problem 7
Would a research study on the effects of soft drink consumption on children's cognitive development be a positive or normative statement?
Chapter 2: Problem 7
Would a research study on the effects of soft drink consumption on children's cognitive development be a positive or normative statement?
All the tools & learning materials you need for study success - in one app.
Get started for freeExplain why societies cannot make a choice above their production possibilities frontier and should not make a choice below it.
Use this information to answer the following 4 questions: Marie has a weekly budget of \(\$ 24,\) which she likes to spend on magazines and pies. What is Marie's opportunity cost of purchasing a pie?
What is the difference between a positive and a normative statement?
Individuals may not act in the rational, calculating way described by the economic model of decision making, measuring utility and costs at the margin, but can you make a case that they behave approximately that way?
Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?
What do you think about this solution?
We value your feedback to improve our textbook solutions.