The statement "An increase in the price of gasoline will lead to a decrease in the amount purchased" is
A) a political statement.
B) a positive statement.
C) a scientific statement.
D) a normative statement.
Correct Answer:
Verified
Q178: Which of the following is a positive
Q235: Which of the following is a positive
Q236: Which of the following is a positive
Q237: Which of the following is NOT a
Q238: The statement "Prices rise more in countries
Q241: In economics, normative statements are about
A) the
Q242: Which of the following is an example
Q243: At least 7 out of every 10
Q244: Which of the following is a normative
Q245: Economic models
A) simplify reality.
B) include all relevant
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