1. 3) Examine the followingstatements from both normative and positive economics

Question

1.      3) Examine the followingstatements from both normative and positive economicstandpoints:

a.       Pornography generates $14billion dollars in the United States annually. Because GDP growthis essential to the well-being of the economy, banning pornographywould negatively impact the economy.

b.      When airlines declare bankruptcyit allows them to continue operating business successfully. This inturn contributes to an increasing GDP for the United States. Lawsthat protect bankruptcy are therefore necessary and important tothe growth of this country.

c.       The cost of pollution isequivalent to the foregone earnings of those plagued withpollutions wrath. Because workers in the third world receive lowerwage compensation for their labor, shipping all pollution-producingcompanies to the third world can reduce the cost of pollution.

Explanation / Answer

My answer is C because it normative and positive statement is being described by C

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.