Item9 5 points ebook referencesitem 9item 9 5 points item skipped determine whether each of the following statements is positive or normative. (remember that a positive statement isn’t necessarily correct; it just makes a factual claim rather than a moral judgment.) a. people who pay their bills on time are less likely than others to get into debt: . b. hard work is a virtue: . c. everyone should pay his or her bills on time: . d. china has a bigger population than any other country in the world: . e. china’s one-child policy (which limits families to one child each) to spur the country’s rapid economic growth: . f. lower taxes are good for the country: .

For each example identify the most appropriate ctso

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Bill dukes has $100,000 invested in a 2-stock portfolio. $62,500 is invested in stock x and the remainder is invested in stock y. x's beta is 1.50 and y's beta is 0.70. what is the portfolio's beta? do not round your intermediate calculations. round the final answer to 2 decimal places.