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Since the legal age to vote in the United States is 18, the legal drinking age in the United States ...

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Since the legal age to vote in the United States is 18, the legal drinking age in the United States ...

Question 1.

A(n) ________ is a formal statement of a theory.

▸ model

▸ empirical measure

▸ positive statement

▸ causal statement

Question 2.

Since the legal age to vote in the United States is 18, the legal drinking age in the United States should be lowered to 18. This statement is best described as

▸ a normative statement.

▸ a positive statement.

▸ a marginal statement.

▸ an implication of an efficient market.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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dnlee1

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More solutions for this book are available here

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