"The rich should face higher income tax rates than the poor." This is an example of
A) economic reasoning.
B) a negative statement.
C) a positive statement.
D) a normative statement.
E) neither a normative nor a positive statement.
Correct Answer:
Verified
Q80: Opportunity cost is
A)the marginal benefit from an
Q81: Chanel has the option of purchasing one
Q82: Which of the following is an example
Q83: An economic model is tested by
A)examining the
Q84: Which of the following creates an incentive
Q86: A positive statement is
A)about what ought to
Q87: Model A is superior to model B
Q88: Which of the following is a positive
Q89: A normative statement is
A)about what is.
B)always false.
C)capable
Q90: "The rich face higher income tax rates
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents