problem set #1 chp 1-2 Flashcards

1
Q

normative analysis is concerned with

A

what ought to be

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2
Q

positive analysis is concerned with

A

what is

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3
Q

example of positive analysis

A

how many workers have lost their jobs because of a law, its impact on the costs and profits of businesses and the gains to workers from he law

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4
Q

the decision as to whether the law is a good idea or bad idea is a ________ one and depends on how people evaluate the trade offs involved

A

normative

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