Normative vs. Positive Statement Examples - Intro to Microeconomics
5.1 هزار بار بازدید -
12 سال پیش
-
Applications and Examples of Normative
Applications and Examples of Normative vs. Positive Statements
Find more solutions at:
https://sites.google.com/site/curtisk...
---------------------------------------------------------------------------
This video offers a solution to the following question:
The mayor of Gotham City, worried about a potential epidemic of deadly influenza this winter, asks an economic adviser the following series of questions. Determine whether a question requires the economic adviser to make a positive assessment or a normative assessment.
a. How much vaccine will be in stock in the city by the end of November?
b. If we offer to pay 10% more per dose to the pharmaceutical companies providing the vaccines, will they provide additional doses?
c. If there is a shortage of vaccine in the city, whom should we vaccinate first -- the elderly or the very young? (Assume that a person from one group has an equal likelihood of dying from influenza as a person from the other group)
d. If the city charges $25 per shot, how many people will pay?
e. If the city charges $25 per shot, it will make a profit of $10 per shot, money that can go to pay for inoculating poor people. Should the city engage in such a scheme?
-------------------------------------------
from Krugman Wells -- Microeconomics 2nd Ed. -- Chapter 2, Question 15
Find more solutions at:
https://sites.google.com/site/curtisk...
---------------------------------------------------------------------------
This video offers a solution to the following question:
The mayor of Gotham City, worried about a potential epidemic of deadly influenza this winter, asks an economic adviser the following series of questions. Determine whether a question requires the economic adviser to make a positive assessment or a normative assessment.
a. How much vaccine will be in stock in the city by the end of November?
b. If we offer to pay 10% more per dose to the pharmaceutical companies providing the vaccines, will they provide additional doses?
c. If there is a shortage of vaccine in the city, whom should we vaccinate first -- the elderly or the very young? (Assume that a person from one group has an equal likelihood of dying from influenza as a person from the other group)
d. If the city charges $25 per shot, how many people will pay?
e. If the city charges $25 per shot, it will make a profit of $10 per shot, money that can go to pay for inoculating poor people. Should the city engage in such a scheme?
-------------------------------------------
from Krugman Wells -- Microeconomics 2nd Ed. -- Chapter 2, Question 15
12 سال پیش
در تاریخ 1391/04/13 منتشر شده
است.
5,111
بـار بازدید شده