Normative economic statements
A) describe what ought to be.
B) describe the process of economic policy-making.
C) deal with economic hypotheses that are not well-established laws.
D) describe what is rather than what ought to be.
Correct Answer:
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Q159: Which of the following is an example
Q160: Suppose that the government of New York
Q161: The statement ʺManagers with a college education
Q162: The statement ʺThe unemployment rate for teens
Q163: A normative statement is
A) one that does
Q165: Statements about what ought to be are
Q166: The statement ʺAn increase in the price
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
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