"Mexico did well to break with Cuba. Enough, it was time. Cuba must allow the entrance of the UN human rights rapporteur." This is an example of: Response option group a) Economic fact. b) Normative statement. c) Economic principle. d) Positive affirmation.

Q: Normative analysis can best be shortened to ___________, while positive analysis is best shortened…

A: Answer: Introduction: It is clear that normative analysis, often known as normative economics, is…

Q: State (a) a positive economic statement of your choice, and then (b) a normative economic statement…

A: Differentiate positive and normative economics: Positive economics is described as the descriptive…

Q: Production Possibilities Model Production Possibilities for the country of Vulcan. Rocket Boots…

A: Since you have posted a multiple-part question, we will answer only the first three parts. If you…

Q: true or false Economic models must mirror reality or they are of no value.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: The emergence of Covid-19 should affect developing countries more adversely than technically…

A: A normative statement is a statement that stresses an opinion or belief that is not based on facts…

Q: Discuss economics as a social science

A: Economics is the study of behavior of consumers, producers, households and business.

Q: Identify from the situation positive and normative economics and give your reasons.

A: Positive and normative economics are the two disciplines of modern economics.Positive economics…

Q: Which of the following statements are positive, and which are normative? i.  If interest rates…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: a. The minimum wage creates unemployment among young and unskilled workers.

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Which of the following statements is normative?     Large government deficits cause an economy to…

A: In economics, the way a statement is written or explained is important to understand its validity…

Q: 1. What is a Nash equilibrium? And use your definition to identify and explain in full, all the Nash…

A: 1) Nash equilibrium is the decision making theorem that states that the player can achieve its…

Q: Write a positive statement and a normative statement about your favorite hobby.

A: Positive statements are those statements in which we can answer with 'yes' or 'no' replies, whereas,…

Q: Free Markets are a way of connecting people who may mutually benefit by exchanging goods and…

A: One potential problem that may stand up from a monetary policy solely based on the perception in…

Q: A young engineer is considering to built a 25unit apartment near a commercial center. Because of the…

A:

Q: Determine if the following statement is normative or positive: The government expenditure towards…

A: A normative statement is one that truly involves assessment, perhaps an issue of morals, something…

Q: f. If consumer income increases, other things equal, the demand for automobiles will increase.

A: Positive Economics refers to which that deals with economic issues related to past, present, and…

Q: ​Which of the following is a normative statement?   Group of answer choices   ​An increase in…

A: Economic frameworks as a sort of friendly framework should defy and tackle the three central…

Q: Why is it important to be able to distinguish positive from normative statements about economic…

A: Modern economics has usually two standard branches: positive and normative economics. Positive…

Q: Which of the following is a normative statement? Higher expenditures on health care will…

A: The positive statements refer to those statements that are based on factual analysis and can be…

Q: The following graph plots the market for electric guitars in Houston, where there are always over…

A: Two goods are said to be substitute when one good can be used instead to other. This means the…

Q: describe an important trade-off that you recently faced and give an example of some action that has…

A: Trade-off refers to the situation where some amount of goods should be given up in order to gain…

Q: Members of some market-oriented and command economies seem to pity or look down upon people living…

A: Answer 1. A traditional economy is one that is based on traditions, history, and long-held ideas.…