All of the following questions or statements regarding tariffs are positive except
A)Economic models can be used to estimate the dollar amounts gained by the winners from the imposition of a tariff.
B)Economic analysis can decide whether a tariff proposal should be enacted.
C)Economic analysis can show the size of the loss of economic efficiency from the imposition of a tariff.
D)Economic models can be used to estimate the dollar amounts lost by the losers from the imposition of a tariff.

Question

Quizplus · Accepted Answer

Economic analysis can describe and predict the effects of a tariff, such as gains and losses, but deciding whether a tariff should be enacted is a normative issue, involving value judgments about what ought to be. Choices A, C, and D are examples of positive analysis, focusing on describing or predicting economic outcomes without making value judgments.

All of the Following Questions or Statements Regarding Tariffs Are