Measuring the impact of a quota or tariff on the U.S.economy is an example of ________.Stating that a quota or tariff should be eliminated is an example of ________.
A)statistical analysis; economic analysis
B)positive analysis; normative analysis
C)econometric analysis; protectionism
D)trade analysis; an opinion

Question

Quizplus · Accepted Answer

Measuring the impact of a quota or tariff on the U.S. economy is a matter of positive analysis, which involves analyzing and measuring the consequences of an economic policy, while stating that a quota or tariff should be eliminated is a matter of normative analysis, which involves making value judgments about what ought to be done.

Measuring the Impact of a Quota or Tariff on the U.S.economy