Provide two microeconomic statements and two macroeconomic statements. Classify your statements as positive or normative.

Q: Find one positive or one normative statement. Explain how you know they are either a positive or…

A: One positive statement : Moffatt cited similar problems in Alaska, home to a national dividend fund…

Q: Identify each of the following topics as being part of microeconomics or macroeconomics: a. the…

A: Microeconomics studies the individual behavior of the people in the economy, and macroeconomics…

Q: what is the difference between a positive statement and a normative statement?

A: According to economists, there are two types of activities within an economy. On the one side, there…

Q: A universal basic income would not only lift more than 3.2 million Canadians out of poverty, it…

A: Positive Statements are those which are based on facts and figures.  Normative Statements are those…

Q: Which of the following best demonstrates the influence of economic factors on consumer…

A: Consumer purchasing preferences and choices are heavily influenced by a country's or market's…

Q: Whats the difference between macroeconomics and microeconomics?

A: Two important sub-fields of economics that examine various facets of the economy are macroeconomics…

Q: What is the importance and benefits of microeconomics?

A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…

Q: What are the definition of economics, microeconomics and macroeconomics?

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: What are normative economics

A: There are two parts of Economics positive economics and normative economics. Positive economics…

Q: What is normative statement, explain with an example?

A: Economics is based on two concepts wherein the theoretical part is divided into positive and…

Q: microeconomics principles

A: Q 4. What does microeconomics deal with? How microeconomics principles affect the decision-making…

Q: (b) At what price is the dog breeders' elasticity equal to -1? At what price is the pet owners'…

A: The demand function for the dog breeders is given as The demand function of pet owners for the…

Q: Positive or Normative?

A: Positive economics and normative economics are two types of economic analysis.

Q: Define positive and normative statements and give four examples of each.

A: Economics is a social science that is responsible for generating theories in addition to studying…

Q: What is the name for something that changes the trade-offs that people facewhen making a decision?

A: A trade-off is a situation in economics where making one choice or purchasing one good means losing…

Q: What is the difference between positive and normative economic analysis? Give an example for each.

A: Positive economics focuses on the description(explanation) of the state of economy…

Q: Define economics. What are the differences between microeconomics and macroeconomics.

A: The social science of economics examines how products and services are made, distributed, and…

Q: Describe the procedure of considering economic decisions?

A: The following procedure should be kept in mind while taking economic decisions: Identify the…

Q: Why is "choice" an important concept in Microeconomics?

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…

Q: WHY IS ECONOMICS RELEVANT VERSUS IMPORTANT?

A: Allocation of resources is the distribution of available resources and assets among various works…

Q: Exaplain the difference between normative and positive economics. Give examples of normative and…

A: These two are the branch of Economics.

Q: What is the difference between disagreeing abouta positive statement and disagreeing about a…

A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the…