Multiple Choice
When discussing rules that governments use to intervene in a market, we can take a(n) ________ approach where we discuss what governments should do, or a ________ approach where we discuss what governments actually do.
A) normative; positive
B) positive; normative
C) optimistic; cynical
D) bipartisan; normative
Correct Answer:

Verified
Correct Answer:
Verified
Q14: If a production process creates positive externalities,a
Q46: Regulation<br>A)always increases consumer surplus.<br>B)passes the cost-benefit test.<br>C)solves
Q47: If a government policy increases benefits to
Q48: A cable company can add a subscriber
Q49: A main rationale for government intervention in
Q52: If the government regulates the price a
Q54: One way a government can eliminate a
Q55: In the U.S., the _ and the
Q86: If a production process generates pollution,then a
Q113: In a competitive market,a negative externality creates