Unemployment decreased to its lowest level in 10 years last month.This statement is a(n) :
A) example of an opportunity cost.
B) positive economic statement.
C) normative economic statement.
D) value judgment.
Correct Answer:
Verified
Q225: A statement that the minimum wage should
Q226: "The current unemployment rate of 9% is
Q227: Which statement is positive?
A)The poverty rate should
Q228: Which statement is normative?
A)The rate of unemployment
Q229: Which statement is normative?
A)Government has grown too
Q231: Which statement is normative?
A)The rate of unemployment
Q232: Which statement is normative?
A)Women's labor force participation
Q233: Which statement is normative?
A)International trade leads to
Q234: A normative statement deals with:
A)the facts.
B)what was,is,or
Q235: "The rate of unemployment is 9%." This
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