A recent study found that currency unions _____ bilateral trade by _____ compared with floating regimes.

The Secretary of Labor states that wage rates in the country have risen by 2 percent this past year. The head of a local labor union states that wage gains should have been higher. The Secretary's statement is a (n) ____ economic statement, and the labor head's statement is a (n) ____ economic statement

a. normative; normative b. normative; positive c. positive; normative d. positive; positive e. proper; improper

Kara earns $1,500 a month and from that pays an overall tax rate of 15 percent. On average she saves $255 per month. What is her marginal propensity to consume and her marginal propensity to save?

What will be an ideal response?