A normative economic statement:
A) is a model used to collect data.
B) is a statement of fact.
C) is a statement of what ought to be, not what is.
D) indicates what will occur if certain assumptions are true.

Question

Quizplus · Accepted Answer

A normative economic statement is a statement that expresses a value judgement about whether a situation is desirable or undesirable. It is a statement of what ought to be, not what is. Therefore, option C is the correct answer.

A Normative Economic Statement