Suppose an economic study shows that increasing the tax rate on alcoholic beverages will reduce the amount of traffic accidents. Which of the following statements can be valid based on the study because they are positive statements, and which cannot be valid because they are normative statements.
Definitions:
Underlying Purpose
The fundamental reason or objective behind an action, strategy, or piece of work.
Negative Feedback
A response mechanism where the output of a system is used to adjust or control its further actions, typically to reduce differences from a desired state.
Feedback
The information given to individuals regarding their performance or behavior, intended to guide future improvements.
System Purpose
The intended goal or function that a system is designed to achieve within a specific context.
Q37: If a $1 increase in price changes
Q39: A newspaper editorial explaining what should be
Q42: Because of the DSM's powerful influence, it
Q49: Exhibit 2-3 shows two variables that are<br>A)constant.<br>B)positively
Q69: When economists do disagree, the disagreement most
Q70: Refer to Exhibit 5A-1. If income for
Q79: In economics, choices are made based on<br>A)benefits
Q83: If price falls by 10 percent, total
Q123: Economic models differ from those in the
Q155: Learning theorists suggest that alcoholism depends on