Which of the following statements is an example of normative economic analysis?
A) Pollution regulations have raised the cost of production for energy companies.
B) As the wage rate increases, companies are hiring fewer workers.
C) Improvements in technology have reduced the time needed to manufacture automobiles.
D) Tablet computers should be manufactured in countries that do not restrict internet access to their citizens.
D
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The economic way of thinking includes:
A) more attention paid to benefits rather than the costs involved in any choice. B) the assumption that individuals choose to average out some objective. C) emphasis on how choices are made at the margin. D) the notion that the industrialized nations have solved the problem of scarcity.
The purpose of deregulating banks during the 1980s was to: a. eliminate the risk that banks incurred
b. allow banks to compete with other financial institutions. c. allow U.S. banks to compete with foreign banks. d. help consumers earn more interest. e. decrease the cost of banking regulation.