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.
Demands for labor depend LEAST upon the levels of: (w) labor productivity. (x) technology as well as amounts of other resources employed. (y) demand for final products. (z) trade off among work (creating income) and leisure. Q : Components of capital account Elucidate Elucidate the components of capital account? Answer: It records are international transactions which occupy a resident of the domestic country changing his assets wi
Elucidate the components of capital account? Answer: It records are international transactions which occupy a resident of the domestic country changing his assets wi
Cartel agreements tend to be unstable since: (1) outputs are homogenous. (2) cooperation replaces competition. (3) all governments oppose cartels. (4) members have incentives to cheat. (5) All of the above. Hello g
Inferior good: It is a good for which, other things equivalent, a rise in income leads to a reduction in demand.
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
By description, a family of four receives welfare when it: (1) pays a smaller share of taxes than its share of benefits from government. (2) lives below the poverty line. (3) includes a student attending college on an academic scholar
Can there be certain fixed cost in long run? If not why? Answer: No, there can’t be any fixed cost in long run. The main reason is that there is no fixed inpu
A perfectly competitive market within the long period: Data firm A: ATC = y2 4y + 12 an
Can someone help me in finding out the right answer from the given options. All the profit maximizing organizations employ labor up to the point where: (w) MR MC is maximized. (x) VMP = MFC. (y) VMP = MRP. (z) MRP = MFC.
If APP is at its maximum, then what is the relationship among MPP and APP? Answer: MPP = APP
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