During the presidential campaigns, the candidates from each party typically describe their plans to maintain or change federal taxes on personal and business income. Are these policy statements generally positive or normative?

A bank has $100,000 in checkable deposits and $30,000 in reserves. If the required reserve ratio is 10%, what is the amount of required reserves?

A) $0 B) $10,000 C) $20,00 D) $30,000

In a production process, an excessive amount of the variable input relative to the fixed input is being used to produce the desired output. This statement is true for:

a. stage II b. stages I and II c. when Ep = 1 d. stage III e. none of the above