Essay
Suppose an economic study shows that increasing the tax rate on beer will reduce the amount of traffic accidents. Which of the following statements can be valid based on the study because they are positive statements, and which cannot be valid because they are normative statements.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Which of the following is a normative
Q8: In describing the relationship between X and
Q10: Economists are likely to evaluate the impacts
Q19: Macroeconomics deals with large industries such as
Q22: Economic models<br>A)are different from the phenomena they
Q28: Which of the following is more of
Q119: The ceteris paribus assumption is used in
Q131: A major reason for the development of
Q136: Most disagreements between economists occur because of
Q141: Karl Marx argued that capitalism would eventually