00:01
Okay, so we're going to be looking at the analysis of several statements that are given here and how they relate to the basic economic questions on what, how, and for whom.
00:12
And we're going to start off with the first statement, the requirement that aluminum used in cars be made from recycled material will raise the price of quarter mobiles.
00:23
Okay, so this is a how question, and it is a positive statement because it really can be supported by effects.
00:31
There is the actual costs for conversion of recycled material into the aluminum that then can be used for the automobiles.
00:43
And if that is an expensive process, it obviously will factor into the manufacturing costs of the automobiles, which will drive up the costs.
00:53
And when the second statement records the federal government, does not spend enough children.
01:01
Okay, so this is basically a what question.
01:06
It's a what issue on what is it spending less on children? and it is basically a normative statement.
01:15
And for the simple reason that it is more suggestive than it is factual.
01:21
One needs to find out, you know, if that, what kind of of information will be available to ensure that the children need this amount of money and the government to provide for this percentage of that amount of money that children need.
01:40
So basically it's a question on what has to be spent.
01:46
Then there's the question, an increase in police resources provided to the inner city who will lower the crime rate.
01:54
Okay, so this basically is a for whom question.
01:59
Because at the end of the day, if the channeling of the resources is due, the policing of a district, and information can actually be measured on the progress of it.
02:12
So it's a positive statement.
02:14
When it comes to the fourth statement, automation destroys jobs.
02:19
This is a normative statement for the simple reason.
02:23
It takes a whole lot of pieces of information to really assess...