"The unemployment rate is five percent" is an example of a normative statement
Indicate whether the statement is true or false
F
Economics
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The water and diamond paradox is explained by the fact that the total utility of water is higher than the total utility of diamonds, but the marginal utility of water is lower than the marginal utility of diamonds. Which of the following goods, when compared, have total and marginal utilities that best reflect the water and diamond paradox, although certainly not as vividly?
a. cake and ice cream b. wine and soft drinks c. jewelry and tattoos d. bread and caviar e. horses and automobiles
Economics
Describe the trend in the rate of productivity from 1973 to 1995 and then from 1995 to 2012.
What will be an ideal response?
Economics