1. Briefly explain which of the following statements represents positive analysis and which represent normative analysis. a. The Federal government should spend more on Covid research. b. “In 2011, Jeff Bezos. Founder of Amazon, paid $0 in U.S. Federal income tax.” c. “It is unfair that multi-billion-dollar companies can get away without paying taxes.”
1. Briefly explain which of the following statements represents positive analysis and which represent normative analysis. a. The Federal government should spend more on Covid research. b. “In 2011, Jeff Bezos. Founder of Amazon, paid $0 in U.S. Federal income tax.” c. “It is unfair that multi-billion-dollar companies can get away without paying taxes.”
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section2.1: The Economist As Scientist
Problem 1QQ
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1. Briefly explain which of the following statements represents positive analysis and which represent normative analysis.
a. The Federal government should spend more on Covid research.
b. “In 2011, Jeff Bezos. Founder of Amazon, paid $0 in U.S. Federal income tax.”
c. “It is unfair that multi-billion-dollar companies can get away without paying taxes.”
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