Business, 15.02.2021 20:20 bigjoebob22

The following statements contains some analysis of policies that address the death penalty. Categorize each statement as positive or normative. a. Killing people is bad.
b. By executing convicted murderers, the government may deter potential murderers and, therefore, decrease the murder rate.
c. It is immoral for the government to kill people.
d. The government should not execute anyone, even murderers.

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Answer from: Hockeypro1127

Positive

normative

Explanation:

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.

For example, it is a fact that killing is bad. It causes pain to family and friends of the deceased.

Normative economics is based value judgements, opinions and perspectives. For example, the statement - It is immoral for the government to kill people is subjective as what is considered moral is subjective

Answer from: Quest

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

Answer from: Quest

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

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