Ben says that "an increase in the tax on beer will raise its price." Holly argues that "taxes should be increased on beer because college students drink too much." We can conclude that
A) Ben's statement is normative, but Holly's is positive.
B) Holly's statement is normative, but Ben's is positive.
C) Both statements are normative.
D) Both statements are positive.
Correct Answer:
Verified
Q92: The role of an assumption in an
Q93: Economists have difficulty applying the scientific method
Q94: Assume the price of product Y (the
Q95: "Economics is concerned with how individuals, institutions,
Q96: The economizing problem is one of deciding
Q98: A recurring theme in economics is that
Q99: A positive statement is concerned primarily with
A)some
Q100: Economic models do not reflect the full
Q101: Assume that a consumer has a given
Q102: Assume that a consumer has a given
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents