Question

Refer to Scenario 1.2 below to answer the question(s) that follow. SCENARIO 1.2: A scientist wants to understand the relationship between automobile emissions and the level of global warming. The scientist collects data on the volume of automobile emissions and the levels of global warming over time. The scientist concludes that a 1% increase in automobile emissions causes a 0.0003% increase in average global temperatures. From this information he concludes that the automobile emissions are harmful to the environment and should be reduced to stop the increase in global temperatures. Refer to Scenario 1.2. The statement, "automobile emissions are harmful to the environment and should be reduced to stop the increase in global temperatures," is an example of normative economics. positive economics. the fallacy of logic. marginal economics.

Answer 1

YES, automobile emissions are harmful to the environment and should be reduced to stop the increase in global temperatures," is an example of normative economics. positive economics. the fallacy of logic. marginal economics AS

NORMATIVE ECONOMICS - Normative economics is the science based kind of economics in which they take decisions of the economics on the bases of the values and the effects and impact of the economics . They use to look over that what is good for this and what will be that effect of the decision over the economy .

POSITIVE ECONOMICS - Whereas , positive economics is the economics in which they use to take decisions on the basis of the facts and data . It look over the facts of effect over the behavioral relationships and test the economy and the theories applied and its effect over the development .

MARGINAL ECONOMICS - It is the kind of economics which use the application of microeconomics techniques for the decision making for the business and its welfare .

So, as per the above explanation the emission of automobiles are harmful to the environment and should be reduced and it is positives economics because the decision is as per the facts . is nominal economics because the decision is on the basis of values and due to the the reduction of automobiles global warming is reducing by 0.0003%. But may be not a marginal economics as it will be not so beneficial for the businesses . It do have a fallacy of knowledge as due to emission of automobiles the global warming is increasing and its having bad effects over the environment and human beings so its needed to be reduced as per the time because if it will not be under control it would harm the whole planet in a hug way .