You here a policy analyst say no individual should have less than a 10, 000 income in Cuba, decide whether this is a positive or normative statement, briefly explain your answer.

Q: discuss and analyze a current event in economics.

A: Economics is the study of the scarcity of resources and unlimited wants. The unlimited wants can be…

Q: Why is economics so useful for, or amenable to, policymaking?

A: Policy making refers to the plans of the government according to the vision and current situation…

Q: xplain the difference between positive and normative economics with example.

A: Positive economics is defined as a stream of economist which focuses on quantification,…

Q: Normative economic statements MUST a. be precise b. quantify data c. have no bias d. be objective e.…

A: The economics is the study of individual behavior and how they allocate the goods and services…

Q: Vegan food diets becoming more popular, more mainstream You've come a long way, vegan. Once mocked…

A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…

Q: 1. According to Adam Smith, how does allowing people to freely pursue their self-interest benefit…

A: Self-interest: It refers to a situation under which the people will think more about their own…

Q: Amagine you are the manager of a car dealership and you are trying to create an economic model to…

A: An economic model creates a similar situation for a firm in accordance to real life through which…

Q: Is economics a science? Why, or why not?

A: Economics is related to the production, distribution, and consumption of goods and services.…

Q: Is Economics a science? Why, or why not? As part of your response and explanation, include the…

A: The question is asking whether economics can be considered a science, and it requires an…

Q: Which of the following people would not be considered rational, according to the definition used in…

A: Rationality is an idea that relates to the quality of being reasonable, logical, or steady in one's…

Q: Define economics and the features of the economic perspective.

A: Economics is the social science which studies the production, distribution, and consumption of goods…

Q: How can we say that economics is considered as social science or how economics is defined as social…

A:

Q: What is the difference between normative and positive statements?

A: Positive statement: - positive statements are those statements which described the things as it is…

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: What is "Pareto Efficiency"? This is a key concept in welfare economics. Write at least a paragraph…

A: Welfare economic science may be a discipline of economic science that employs economics approaches…

Q: Can accountants can be economists?

A: Accountants and economists both are important for the efficient functioning of the market as both of…

Q: Consider an office worker who works for 48 weeks a year and has a 90mins journey from and to work…

A: Whether commuting 720 hours a year is "rational" depends on individual circumstances and…

Q: what are the three approches in measuring economics activity? why do they give the same answer

A: Economic activity means when a country is economically active that means there is some activity…

Q: Social scientists: O want models that look exactly like the real world don't like to make…

A: Social Scientist is a person who is an expert in the study of society and analyses the social…

Q: wealth

A: Wealth is the abundance of financial assets being valuable or the physical possessions which could…

Q: Explain Say's Law as used in economics.

A: Say's law is one of the classical economics assumption put forward by French economist Jean Baptiste…

Q: s a family decision about how much income to save a microeconomics or macroeconomics topics

A: In economics, we study how scarce resources are used by decision-makers to satisfy the unlimited…

Q: What is the connection between functionalism andthe concept of equilibrium?

A: Functionalism is related to social studies which includes all the aspects of the society to work on…

Q: He described economics as a science of material welfare A. Robbins B. Marshall C. Ricardo D. Keynes

A: According to the given question In simple words economic as a science of the material welfare…

Q: What is the answer to Economics 10e chapter 22 question 14?

A: In recent decades, East Asia has experienced a fantastic economic phenomenon known as the "East…

Q: Japanese fans of cake, buttered toast and Hollandaise sauce may need to start hoarding soon. The…

A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…

Q: Give an example of something that is an economic good for one person and a financial bad for someone…

A: Financial things are the ones that mainly focus on wealth and its maximization. Economic thing…

Q: Discuss each of the following: 1. How does household income affect the desire of a parent to have…

A: Many factors play a vital role in deciding to have a children . Education level of parents, income…

Q: a) When we talk about innovations, the concept of appropriateness is central to economics. Explain…

A: Disclaimer: Since you have asked multiple questions, we will answer the first one for you. If you…

Q: When asked "What is the most urgent question in economics?", most economists disagree on what is…

A: Statement 4 is the correct answer that many economists emphasized the importance of knowing how…

Q: Classify the following questions as Microeconomics or Macroeconomics and provide a justification for…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: Madison has a full-time job, but she is considering going back to school for a master’s…

A: It is often seen that education plays an important role in order to get a job and in salary…

Q: Critically evaluate the below statement. "Policy makers have their individual desires (utility…

A: Policy makers want their decisions to provide benefits to people.

Q: From the economist’s point of view the term needs is objectively indefinable." Your instructor…

A: Economic perspective, needs are the things that people must have in order to survive and function.…

Q: he following question is an essay question, you can also use equations, graphs, or diagrams to…

A: Gender research refers to the assortment of approaches used to comprehend the associations between…

Q: Question According to Stiglitz "it is better to be a cow in Europe than to be an average person in…

A: The income inequalities are rising rapidly across the world. The developing countries are far behind…

Q: Social scientists: want models that loo exactly like the real world O dont like to make predictions…

A: Social scientists look at every element of society, from historical events and achievements to…

Q: If you were the Prime Minister of the country, would you be more interested in your economic…

A: An economic advisor is a professional who gives master guidance on economic issues. This job can be…

Q: n social science, how would the discussion of variables and attributes apply to economics?

A: In social science, an attribute is a feature of an object which is closely associated with variables…

Q: He described economics as a science of material welfare

A: To find : Who describes economics as science of material welfare