Which of the following can a positive analysis accomplish?
a. It can tell an advertising executive what type of ads she ought to order.
b. It can tell us how much the demand for a product will increase.
c. It can tell us if one policy is better than another.
d. It can tell a policy maker what is the best course of action.
b. It can tell us how much the demand for a product will increase.
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Copyrights, which grant special privileges to artists, musicians, and writers
A) destroy property rights. B) expand property rights. C) neither destroy nor expand property rights because they are part of the Bill of Rights. D) both destroy and expand property rights.
When a person who receives welfare benefits earns income, those benefits are reduced as earned income rises. This is referred to as
a. an implicit marginal tax. b. the opportunity cost of income. c. the work-leisure trade-off. d. reverse discrimination.