The statement ʺAn increase in the price of gasoline will lead to a decrease in the amount purchasedʺ is
A) a positive statement.
B) a normative statement.
C) a scientific statement.
D) a political statement.
Correct Answer:
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Q161: The statement ʺManagers with a college education
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Q163: A normative statement is
A) one that does
Q164: Normative economic statements
A) describe what ought to
Q165: Statements about what ought to be are
Q167: In economics, normative statements are about
A) marginal
Q168: Which of the following is a normative
Q169: The statement ʺUnemployment should be below 6
Q170: Which of the following is NOT a
Q171: When Al makes the statement, ʺThe cost
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