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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 13
Which of the following statements is positive, which is normative, and which can be tested?
a. The United States should cut its imports.
b. China is the largest trading partner of the United States.
c. If the price of antiretroviral drugs increases, HIV/AIDS sufferers will decrease their consumption of the drugs.
a. The United States should cut its imports.
b. China is the largest trading partner of the United States.
c. If the price of antiretroviral drugs increases, HIV/AIDS sufferers will decrease their consumption of the drugs.
Explanation
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Verified
a. Normative statements are based on per...
Macroeconomics 11th Edition by Michael Parkin
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