In a market in which demand is price inelastic, producers can gouge consumers and the government should set high standards of conduct for producers to ensure that consumers get a fair deal." which parts of this statement are positive and which are normative? explain how you might go about testing the positive part. the statement has two parts: 1. in a market in which demand is price inelastic, producers can gouge consumers. 2. in a market in which demand is price inelastic, the government should set high standards of conduct for producers to ensure that consumers get a fair deal. a. statement 1 is a normative statement and statement 2 is a positive statement. b. both statements are normative. c. statement 1 is a positive statement and statement 2 is a normative statement. your answer is correct. d. both statements are positive. defining "gouge" as "charge a price much higher than cost", the statement "in a market in which demand is price inelastic, producers can gouge consumers" might be tested by a. estimating price elasticities of demand and observing prices and costs b. the total revenue test c. observing whether the item being gouged is a luxury d. observing whether the item being gouged is a necessit

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

50 points mark brainliest 1) the information in the interactive presentation suggests that people a) utilize the perception of others rather that out own perception b) learn more about the positive aspects of perception c) should monitor how perceptual barriers influence our relationship d) spend more times on our personal relationships rather than our professional relationships 2) you are about to take the dog out for a walk but pause to watch the news because you hear the name of your town being mentioned hearing your town being mentioned on the news is an example of a) stimulation b) interaction c) organization d) interpretation- evaluation 3) tamara thinks ivan is upset with her because hes been unusually quiet today to better interpret the situation and communicate appropriately tamara should a) ask ivan why hes quiet and explain that hes being inconsiderate b) leave ivan alone because hes obviously going through something c) ask her guidance counselor for tips on providing therapy to a friend d) examine her own perception and then check in with ivan about his behavior 4) of the following abilities which is the most important to the perceptual checking process a) critical thinking ability b) creative ability c) memorizing ability d) organizational ability

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?