Asked by Radhika Singh on Jul 08, 2024

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To evaluate the potential impact of introducing the hybrid Prius auto into the U.S. market, Toyota Motor Corporation would use:

A) positive economic analysis.
B) normative economic analysis.
C) negative economic analysis.
D) forensic analysis.

Economic Analysis

The systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.

Hybrid Prius Auto

A hybrid electric vehicle model manufactured by Toyota, known for its fuel efficiency and environmental friendliness.

U.S. Market

Refers to the economic marketplace or system of exchange within the United States, encompassing activities such as buying, selling, production, and consumption.

  • Differentiate between positive and normative economic analysis.
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Chris ChavezzJul 12, 2024
Final Answer :
A
Explanation :
Positive economic analysis involves the use of data and facts to evaluate the potential impact of a decision. Toyota would likely use this approach to analyze the potential impact of introducing the hybrid Prius auto into the U.S. market, including factors such as consumer demand, sales projections, and economic benefits.