Normative analysis offers decision makers the most valuable information when choosing among alternatives
Indicate whether the statement is true or false
False. Normative analysis states subjective goals but not how those goals can be achieved. To choose among alternatives, decision makers use positive analysis.
Economics
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In one week, Tetah can knit 15 sweaters or bake 480 cookies. The opportunity cost per sweater for Tetah is
a. $480 b. 480 cookies c. 32 cookies d. 1/32 of a cookie e. 15 cookies
Economics
In the aggregate expenditures model, a tax cut causes a(n):
a. upward shift in the aggregate expenditures curve. b. downward shift in the aggregate expenditures curve. c. shift in the 45-degree line. d. rightward movement along the aggregate expenditures curve. e. leftward movement along the aggregate expenditures curve.
Economics