Classify each of the following statements based on whether they involve positive analysis or normative analysis. items (6 items) (drag and drop into the appropriate area below) if the price of androids increases, consumers will buy more androids. if we increase the minimum wage from $7.25 to $15.00, firms will cut back on the number of workers they hire. the price of textbooks is too high. college already costs too much. i agree with bernie sanders. people are entitled to a living wage. one reason for the housing bubble was that interest rates were very low. economics is too hard. why does our professor have to make things so difficult?

The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u.s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht.a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?