"Social Security should be privatized to get the government out of the retirement-financing business," is an example of a ________ statement about ________ policy.
A. positive; fiscal
B. positive; structural
C. normative; structural
D. normative; monetary
Answer: C
Economics
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Economics
Charles purchases 20 basketball tickets per year when his annual income is $50,000 and 25 basketball tickets when his annual income is $60,000 . Charles's income elasticity of demand for basketball ticket is
a. 0.82, and basketball tickets are a normal good. b. 0.82, and basketball tickets are an inferior good. c. 1.22, and basketball tickets are a normal good. d. 1.22, and basketball tickets are an inferior good.
Economics