posted by Betty on .
Can someone who knows Macroeconomics check this?
Write Positive or Normative for each statement below.
Taxes are too high. (Normative)
If taxes were lower, government revenues would actually increase. (Normative)
It is immoral for a government to redistribute money from one person to another. (Positive)
When the government taxes the rich and gives the money to the poor, it gives the rich an incentive to hide their earnings from the government. (Positive)
What are the basic characteristics of pure competition and the importance of understanding of the pure competitive economic model to the manager of the real world firm.