What is a normative statement in economics?

What is a normative statement in economics? A normative statement is one that makes a value judgment. Such a judgment is the opinion of the speaker; no one can “prove” that the statement is or is not correct. Here are some examples of normative statements in economics: We ought to do more to help the […]

What happened to China after losing the Opium War?

What happened to China after losing the Opium War? China lost both wars. The terms of its defeat were a bitter pill to swallow: China had to cede the territory of Hong Kong to British control, open treaty ports to trade with foreigners, and grant special rights to foreigners operating within the treaty ports. What […]

What were some effects after the Civil War?

What were some effects after the Civil War? The first three of these postwar amendments accomplished the most radical and rapid social and political change in American history: the abolition of slavery (13th) and the granting of equal citizenship (14th) and voting rights (15th) to former slaves, all within a period of five years. How […]

How does mass media influence public opinion?

How does mass media influence public opinion? The influence of mass media has an effect on many aspects of human life, which can include voting a certain way, individual views and beliefs, or skewing a person’s knowledge of a specific topic due to being provided false information. Not all effects result in change; some media […]

What are two basic ideas of humanism?

What are two basic ideas of humanism? What were the basic ideas of Humanism? They were classical, religion and revive. How did ancient text and statues affect renaissance scholars? new ways of spreading and learning education changed across Europe. What are three techniques for showing perspective? Three basic types of perspective — one-point, two-point, and […]

Who has the power to create the federal budget?

Who has the power to create the federal budget? Congress is responsible for creating the federal government’s annual budget. Who controls federal funding? The constitutional provision making Congress the ultimate authority on government spending passed with far less debate. The framers were unanimous that Congress, as the representatives of the people, should be in control […]

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