I have 8 questions out of 20 I am stuck on... I was hoping I couldget some second opinions, I will post the ones I got simple answersfor, detail is also apparently important as each questions would be6 marks on an test. Thanks!!
Explain why each of the following statements is True, False, orUncertain according to economic principles. Use diagrams whereappropriate. Unsupported answers will receive no marks. It is theexplanation that is important.
2.The sentence below is an example of a purely positive economicstatement.
âDuring a recession the government must increase its spending toreplace reduced private spending and reduce unemployment even ifthis leads to an increase in the national debt.â
[My Answer]
This statement is false. A positive statement is a statement aboutwhat actually is, as opposed to what ought to be. This statement isnormative advice because value judgments are being made about whatthe government could do with its limited resources and it refers towhat ought to be as opposed to what actually is.
These questions are worth 6 marks, I'm not sure that I'm clearenough or have the full point across... Thanks!
I have 8 questions out of 20 I am stuck on... I was hoping I couldget some second opinions, I will post the ones I got simple answersfor, detail is also apparently important as each questions would be6 marks on an test. Thanks!!
Explain why each of the following statements is True, False, orUncertain according to economic principles. Use diagrams whereappropriate. Unsupported answers will receive no marks. It is theexplanation that is important.
2.The sentence below is an example of a purely positive economicstatement.
âDuring a recession the government must increase its spending toreplace reduced private spending and reduce unemployment even ifthis leads to an increase in the national debt.â
[My Answer]
This statement is false. A positive statement is a statement aboutwhat actually is, as opposed to what ought to be. This statement isnormative advice because value judgments are being made about whatthe government could do with its limited resources and it refers towhat ought to be as opposed to what actually is.
These questions are worth 6 marks, I'm not sure that I'm clearenough or have the full point across... Thanks!
