Microeconomics
2nd Edition
ISBN: 9780073375854
Author: B. Douglas Bernheim, Michael Whinston
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 1, Problem 2DQ
To determine
Classify the statement as positive and normative statement and explain the reason.
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Discuss the impact of rational self-interest on each of the following decisions:
a. Whether to attend college full time or enter the workforce full time.
b. Whether to buy a new textbook or a used one.
c. Whether to attend a local college or out of town college.
The wants with which economics is concerned include only those wants which can be satisfied by goods and services.
True or False?
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