Chapter 2: Q 7 (page 43)
Would a research study on the effects of soft drink consumption on children’s cognitive development be a positive
or normative statement?
Short Answer
It is a positive statement.
Chapter 2: Q 7 (page 43)
Would a research study on the effects of soft drink consumption on children’s cognitive development be a positive
or normative statement?
It is a positive statement.
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Get started for freeWhat assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world?
Draw Marie’s budget constraint with pies on the horizontal axis and magazines on the vertical axis. What is the slope of the budget constraint?
Explain why individuals make choices that are
directly on the budget constraint, rather than inside the
budget constraint or outside it.
What is comparative advantage?
Explain why scarcity leads to tradeoffs.
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