b. A decrease in the supply of coconut will increase the price of German chocolate cake, a good that requires coconut shavings as a key ingredient. Onormative analysis Opositive analysis
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- Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?Why do economists use the ceteris paribus assumption?2. Which of the following is a normative statement? a. An increase in taxes raises the price of a product b. Vaccination is a method of fighting Covid -19 c. Government should Impose taxes on the cigarette. d. Studying more hours leads to an increase in your GPA.
- 16. Explain positive and normative statement with examples for each?Oescribe Hhe stroturgy 450 words. blue ocean in appioximately.3. a. What method is used to ration goods in a market econo- my? How does this rationing method influence the incen- tive of individuals to supply goods, services, and resourc- es to others? b. How are grades rationed in your economics class? How does this rationing method influence student behavior? Suppose the highest grades were rationed to those whom the teacher liked best. How would this method of ration- ing influence student behavior? 12.
- Wichita — Farmers in Kansas, the biggest US producerof wheat, are abandoning their crops damaged by severedrought and cold.Some are spraying wheat fields with crop-killingchemicals and claiming insurance payouts in the beliefthat it is not worth harvesting the little grain that thereis, Reuters found on a three-day tour of the state. Othergrowers let cattle graze on the dismal-looking fields.Abandoning fields will reduce the crop of the world’sfifth-largest wheat exporter, with stocks expected to fallto a 16-year low. Large-scale abandonment deals aneconomic blow to farm towns and force wheat buyersto adjust procurement plans by buying the staple grainelsewhere.Nationally, winter-wheat farmers plan to abandon 33%of the acres they planted, the highest percentage sinceWorld War 1, the US department of agriculture said ina May 12 report.Kansas farmers are expected to abandon about 19% ofthe area planted last autumn, up from 10% in 2022 and4% in 2021, according to the report. But farmers,…people are rational QUESTION7 Ben says that "an increase in the tax on beer will raise its price." Holly arques that "taxes should be increased on beer because college students drink too much." We can conclude that: A. Both statements are B. Both statements are C. Ben's statement is normative, but Holly's is positive O D.Holly's statement is normative, but Ben's is positive positive normativeFigure 1 The production possibility frontier ABCDE is a production possibility frontier. It shows the different combinations of goods which can be produced if all resources are fully and efficiently utilised. The economy can produce at any point on the line. It cannot produce at G because the PPF shows the maximum that can be produced. It can produce within the PPF,05 such as at F, but less will be produced than the maximum possible. Non-manufactured goods 50 40 30 20 10 0 A 10 B Ti C 20 30 Manufactured goods G D E 40
- Wichita — Farmers in Kansas, the biggest US producerof wheat, are abandoning their crops damaged by severedrought and cold.Some are spraying wheat fields with crop-killingchemicals and claiming insurance payouts in the beliefthat it is not worth harvesting the little grain that thereis, Reuters found on a three-day tour of the state. Othergrowers let cattle graze on the dismal-looking fields.Abandoning fields will reduce the crop of the world’sfifth-largest wheat exporter, with stocks expected to fallto a 16-year low. Large-scale abandonment deals aneconomic blow to farm towns and force wheat buyersto adjust procurement plans by buying the staple grainelsewhere.Nationally, winter-wheat farmers plan to abandon 33%of the acres they planted, the highest percentage sinceWorld War 1, the US department of agriculture said ina May 12 report.Kansas farmers are expected to abandon about 19% ofthe area planted last autumn, up from 10% in 2022 and4% in 2021, according to the report. But farmers,…8. What does delimitation mean? b 26 boto0ol Josria A. To set everything free C. To extend the limit of the boundary B. To remove the boundary D. To establish the limit or boundary E o1t 21e0nun 10 MOITADITIM 223 AT 9. Which of the following statements do not correctly define the scope of the study? A. It explains what information or subject is being analysed in the study. WOTTAN SUAO ATMAS B. It tells about the sample size, time the study was conducted and the geographical area. C. It tells the specific coverage in terms of concept, number of subjects as well as the timeline. me dong incW 0080 D. It tells the general information on how the data are being interpreted to conclude the study. 10. What is the difference between objective or purpose of the study and research questions or investigative problems? A. Objective or purpose of the study talks about variable while research topic or investigative problems deal with the scope of the study, B. Objective or purpose of the study is a…Question 3 The difference between positive and normative economics is best summarized as saying that positive economics is descriptive, while normative economics is prescriptive. O positive economics is pessimistic, while normative economics is optimistic. O positive economics is objective, while normative economics is biased. O positive economics is biased, while normative economics is objective.
