Arturo wants to start a business where he is the chief executive officer and the company does issue stock. The type of business Arturo wants to start is a

Normative economic analysis involves

A) positive analysis. B) value judgments. C) if-then statements. D) objective descriptions of the way things are.

The Cost-Benefit Principle predicts that a person:

A. should take an action if its cost increases. B. is more likely to take an action if its cost increases. C. is more likely to take an action if its benefit increases. D. should take an action if its benefit increases.