Multiple Choice
Which of the following represents an example of normative analysis?
A) How will the equilibrium price of coffee be affected by drought?
B) How will a government subsidy affect the quantity demanded of public housing?
C) What is the best method for allocating tax revenues?
D) How will a tax cut affect a typical consumer's disposable income?
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Suppose that we illustrate demand and supply
Q2: Economics is often described as:<br>A)the science of
Q3: Which of the following is not typically
Q5: Every society must answer which one of
Q6: Endogenous changes to demand and supply curves
Q7: What term in microeconomics tells us how
Q8: Microeconomics examines:<br>A)the economic behavior of an entire
Q9: Normative analysis typically focuses on issues of
Q10: Suppose that we illustrate demand and supply
Q11: Constrained optimization, equilibrium analysis and comparative statistics