Which of the following is a normative statement?
A) "Income inequality in the United States has increased."
B) "The Federal Reserve has observed rising inflation."
C) "The government should increase the minimum wage to help low-income groups."
D) "The minimum wages are higher in some cities than in other cities."
E) "The relative price of gasoline has remained low in the past 30 years."
Correct Answer:
Verified
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Q59: Economics was originally called
A)political engineering.
B)political economy.
C)economic physics.
D)social
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A)believe
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A)will usually indicate which economic policy
Q65: A positive statement is necessarily a subjective
Q66: "Inflation is a more serious problem than
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Q68: In modern market economies, the role government
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