Illustrate normative statement
In economics illustrate normative statement?
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The term normative statement in economics is just like a normative statement in any other academic subject. We can say it is a statement about something with an implicit value judgment or moral claim.
It is differ from a descriptive statement i.e. supposed to be ideologically or value neutral.
Can someone help me in finding out the right answer from the given options? The lack of competition in the product market outcomes in: (p) Less labor being appointed than if the markets were competitive. (q) More labor being hired than if the markets were competitive.
When the interest rate falls, in that case the price of a long-term bond: (w) falls faster than a perpetuity bond. (x) rises. (y) does not change. (z) falls relatively less than a short term bond. I need a good ans
Suppose the demand and supply for milk is described by the following equations: QD = 600 - 100P; QS = - 150 + 150P, where P is price in dollars, QD is quantity de
When you buy a bond if the interest rate is 10% and sell this while the interest rate is 15%, in that case you will receive: (w) less than you paid for the bond. (x) more than you paid for the bond. (y) the same amount which you paid for the bond. (z)
For Cournot’s Spring Water the demand has unitary price elasticity at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e. Q : Enterprises capability One of my One of my friends can't discover the solution of this question. So he is not capable to complete his assignment. Give answer of this question. Are there any limits or constraints onto the enterprise’s capability to grow and change?
One of my friends can't discover the solution of this question. So he is not capable to complete his assignment. Give answer of this question. Are there any limits or constraints onto the enterprise’s capability to grow and change?
Only the purely competitive firm which is as well a price taker in the labor market maximizes the profit by employing labor where: (1) Quantity of the labor employed is maximized. (2) Average wage rate equivalents labor's marginal revenue product. (3) Average wage rat
When each 1 percent hike in the price of pencils causes a 2 percent decline within the quantity of erasers sold, the price crosses elasticity of demand for such complementary goods is about: (1) -2.0. (2) -1.0. (3) -4.0. (4) 2.0. (5) 1.0.
Select the right answer of the question. U.S. export transactions create: A) a U.S. demand for foreign monies and the satisfaction of this demand decreases the supplies of dollars held by foreign banks. B) a U.S. demand for foreign monies and the satisfaction of this
Direct taxes: Whenever the liability to pay tax and the burden of that tax fall on similar person, it is termed as direct tax. Illustrations are: wealth tax, income tax, corporation tax, gift tax and so on.
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