What is the difference between positive and normative analysis? Which of the following statements would entail positive analysis, and which normative analysis? Internet auction companies will erode the profits of local automobile dealerships. The government should impose special taxes on sales of merchandise made over the Internet.
What is the difference between positive and normative analysis? Which of the following statements would entail positive analysis, and which normative analysis? Internet auction companies will erode the profits of local automobile dealerships. The government should impose special taxes on sales of merchandise made over the Internet.
Chapter1: What Economics Is About
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Problem 20QP
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What is the difference between positive and normative analysis? Which of the following statements would entail positive analysis, and which normative analysis?
- Internet auction companies will erode the profits of local automobile dealerships.
- The government should impose special taxes on sales of merchandise made over the Internet.
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