business marketing

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School

Northern College *

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Course

IN2303

Subject

Economics

Date

Feb 20, 2024

Type

docx

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Uploaded by ConstableNightingale744

User Examine the following assertion: Ice cream sales need to be limited because they are correlated with an increase in property crime. Which of the following sums up the statement the best?All that is implied by this statement is that burglars enjoy ice cream.The claim confuses causation with correlation.The statement makes use of the composition fallacy.The ceteris paribus requirement is broken by the assertion. ChatGPT The following is how the statement should be understood: "The statement mistakes correlation for causation." This is because, without taking into account other potential causes or acknowledging that correlation does not always indicate causation, the statement claims that there is a direct relationship between the growth in ice cream sales and the increase in property crime rates. Statements regarding taxes are included in the following table. Sort every statement into a category. not as normative or constructive. Positive Normative Taxes are excessively high. In certain cases, tax reductions result in an increase in government revenue. Redistributing money from one individual to another is an immoral act by the government. Tax evasion rates rise in tandem with government tax increases. ChatGPT Sorting each sentence into normative or positive categories: The tax rate is excessive. Typical In certain cases, tax reductions result in an increase in government revenue. Good Redistributing money from one individual to another is an immoral act by the government. Typical Tax evasion rates rise in tandem with government tax increases.

Positive Verdict: Verdicts are unbiased and verifiable by observation or supporting data. Conversely, normative assertions entail personal opinions regarding what should

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business marketing

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