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Positive vs normative statements
Identify whether the following statements are positive or normative economic statements, and explain why you categorized them in that way.a. "The best way to improve the economic situation would be to decrease the unemployment rate by decreasing the interest rate."b. "The government increased taxes in order to decrease the budget deficit and improve economic growth."c. "The tax on business decreased production in some industries in the short run."d. "The government should pursue a low-inflation policy by restraining the growth of the money supply."
Illustrte what is the put premium on a December 25 PHLX pound contract with an exercise price of $1.81.
By how much will each firm reduce its SO2 output? Which firm will buy permits, which firm will sell them, and how many permits will be exchanged?
Explain how many years would it take to reduce the unemployment rate by 3 percentage points, assuming that the current GDP growth rate will continue into the future.
In the months of preceding the expiration date, bargaining teams for the UAW and General Dynamics met to negotiate a new contract.
The winners of the Nobel Prize in economic science were recently announced-who were they? For what contribution to our understanding of economics were they recognized?
When the Bank of Canada sells the government bonds to a commercial bank, the commercial bank experiences a decline in reserves and in increase in bonds. Total assets are unchanged; this is just a portfolio switch between bonds and cash.
Explain how would this affect the elasticity of demand for gasoline
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Find out the optimal weekly output and price of this firm. Find out the weekly profit from the production and sale of this product.
Elucidate how the topic you chose relates to the growth of US banking overseas.
Illustrate a range of factors which might determine whether an internal or external strategy is pursue such a growth strategy.
Describe ways firms establish barriers to entry and explain how they benefit firms but not consumers.
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