Which of the following statements is normative?
A) If income increases, sales of luxury goods fall.
B) As e- book prices fall, people buy more of them.
C) Scientists should not make normative statements.
D) There is more caffeine in a cup of tea than in a cup of coffee.
E) Warts are caused by handling toads.
Correct Answer:
Verified
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A)the
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Q95: An economic model is
A)useful if it predicts
Q96: Statements about "what is" are called
A)scientific statements.
B)normative
Q98: You have the choice to go skiing
Q99: In choosing among alternative models, economists generally
Q100: Select the best statement about economic models.
A)Economic
Q101: When Al makes the statement, "The cost
Q102: Economists test economic models by using
A)personal economic
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