All of the following statements are examples of normative economic analysis except
A) as the demand for emergency room nurses increases, more students are choosing to enroll in nursing school.
B) to provide better care, doctors should be required to limit the number of patients they see each day.
C) people should be able to choose whether they want to purchase health insurance.
D) prescription drugs are too expensive and the government needs to regulate prices in the pharmaceutical industry.
A
Economics
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In a world of certainty, the interest rate reflects
A) the degree of risk. B) differing time patterns of individuals' consumption preferences. C) economic growth. D) qualifications of borrowers.
Economics
Expected values are
a. Values that you expect from an individual b. Mean values c. Weighted average outcomes d. Both B&C
Economics