Normative economics deals with
a. social norms and customs that influence economic behavior
b. norms of behavior that can be taken as facts
c. statements of fact
d. statements about the value of a proposed policy
e. government rules and regulations that drag down the economy
D
Economics
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Explain the exchange rate over-shooting hypothesis
What will be an ideal response?
Economics
If the inverse demand curve a monopoly faces is p = 100 - 2Q, MC is constant at 16, and the government imposes an $8 per unit specific tax on the monopoly, the deadweight loss solely due to the tax is
A) $88. B) $152. C) $361. D) $441.
Economics