Which of the following is a normative statement?
A) An output gap can be either expansionary or contractionary.
B) Structural unemployment has increased.
C) If the price of gasoline increases, people will probably buy less.
D) The taxes on cigarette and alcohol should be increased.
Correct Answer:
Verified
Q9: Combinations of output that lie on the
Q10: A production possibilities frontier PPF) illustrates this
A)The
Q11: The choice of specialization is founded on
A)Marginal
Q12: The slope of the production possibilities frontier
Q13: The _ is the ability to produce
Q15: Of the following which would not contribute
Q16: Reference:
Table SEQ Table 1: Production
Q17: A blueprint of a home is an
Q18: Which of the following is a positive
Q19: Reference:
Table SEQ Table 1: Production
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