Which of the following is a positive, rather than a normative, statement?

A. Which of the following is a positive, rather than a normative, statement?

 

a. Law X will reduce national income.

b. Law X is a good piece of legislation.

c. Congress ought to pass law X.

d. The president should veto law X.

B. T he following parts of government regularly rely on the advice of economists:

a. Department of Treasury.

b. Office of Management and Budget.

c. Department of Justice.

d. All of the above.

C. Economists may disagree because they have different

a. hunches about the validity of alternative theories.

b. judgments about the size of key parameters.

c. political philosophies about the goals of public policy.

d. All of the above.

D. M ost economists believe that tariffs are

a. a good way to promote domestic economic growth.

b. a poor way to raise general economic well-being.

c. an often necessary response to foreign competition.

d. an efficient way for the government to raise revenue.

Calculate p(0) such that p(y) is normalised.

A PCM transmitter sends out a 12-bit serial digital signal with 5 V corresponding to a 1 and 0 V corresponding to a 0. The signal passes over a transmission….

estimate the probable number of errors if 1600 bits of information are transmitted.

Ten measurement signals are input to a multiplexer so that each one is sampled twice per second. The multiplexed signal is input to a serial digital transmitter incorporating a 10-bit….

Calculate the cost per equivalent unit of material and conversion cost for January

Calculate the cost per equivalent unit of material and conversion cost for January – using the Weighted Average Approach Units Materials Conversion Work in process January 1 2,500 50% 35%….