Positive and normative statements The importance of detecting bias in arguments Whenever you are reading articles on current affairs it is important to be able to distinguish between objective and subjective statements. Often‚ the person writing an article has a particular argument to make and will include subjective statements about what ought to be or what should be happening. Their articles carry value judgements; they are trying to persuade you of the particular merits or demerits of
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POSITIVE AND NORMATIVE ECONOMICS Positive economics deals with what is with how the economy works‚ plain and simple. If we lower income tax rates in the United States next year‚ will the economy grow faster? If so‚ by how much? And what effect will this have on total employment? These are all positive economic questions. We may disagree about the answers‚ but we can all agree that the correct answers to these questions do exist— we just have to find them. Normative economics concerns itself with
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Wall Street Journal Article Assignment Assignment #: 1 Title: Fed Acts to Fix Jobs Market Author(s): Jon Hilsenrath & Kristina Peterson Date of Publication: September 14‚ 2012 Executive Summary: This article goes into the Federal Reserves recent announcement to try to stimulate the sluggish economy. Ben Bernanke announced that the fed would begin buying mortgage-backed securities and keep the interest rate low for several years. To be more specific‚ he said that the Fed would buy $40 billion
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Wall Street Journal Article Review #2 Microsoft Abandons ‘Stack Ranking’ Employees Article by Authors‚ Shira Ovide and Rachel Feintzeig Abstract In the article “Microsoft Abandons ‘Stack Ranking’ Employees”. Shira Ovide and Rachel Feintzeig discuss how getting rid of such a system will benefit the company. The authors cite several sources. They don’t go into too deep of detail on why CEO Mr. Ballmer decided to implement the change‚ only that before he leaves the company for good he wanted
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WSJ/Fortune Essay 2 In a Wall Street Journal article titled “Greed is for Wimps”‚ the writer talks about how the new generation‚ Generation Y‚ is becoming more socially aware. According to the article‚ this new generation of professionals wants to give back to the community. Apparently it’s not enough to be successful and make all the money in the world. These young professionals are no longer satisfied with driving expensive cars and wearing name brand clothes. An interview with one such young entrepreneur
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Positive Accounting Positive economic theory and accounting practices are objective and based on fact. Positive accounting focuses on analyzing the economic statistics and data at hand‚ and deriving conclusions based on those figures. For example‚ if corporate growth allows a company to increase shareholder dividends over previous dividend payments‚ positive accounting theory would conclude that corporate growth causes a rise in stockholder dividends. Most bookkeeping and data collection involved
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Dr. Suderman ENC1101 September 27‚ 2013 Wall Street Journal Article Summary It is becoming more and more evident to Major companies that sleep is a necessity that often gets swept under the rug. They are noticing more and more that lack of sleep is a major hamper on your performance in the workplace. Getting a good nights’ sleep is more beneficial than finding ways to work better on less sleep. Companies have to send their employees home early to help them sleep more to keep up with their productivity
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Wall Street Journal Article: Fed Splits over how long to keep cash spigot open In my opinion‚ the Federal Reserve bank should not ’keep the cash spigot open’. Mr Stein‚ the president of the Federal Reserve Bank in Boston has stated that low rate policies help the U.S economy‚ however some institutions and individual investors may take on too much debt‚ or too many risky assets‚ resulting in the toppling of banks and other financial institutions. I have to agree with Mr. Stein. Low interest
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Question 1 1 out of 1 points | | | A finance manager who reads the Wall Street Journal on a regular basis would be performing which role?Answer | | | | | Selected Answer: | b. monitor | Answer Feedback: | One of the responsibilities of a finance manager would be to keep track or monitor important events taking place in the business world. Reading the Wall Street Journal would be a good way to do this. After reading‚ the manager might disseminate some of the information he
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|Definition of ’Positive Economics’ | |The study of economics based on objective analysis. Most economists today focus on positive economic analysis‚ which uses what is and what has been occurring in | |an economy as the basis for any statements about the future. Positive economics stands in contrast to normative economics‚ which uses value judgments. | |Investopedia
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