"The rich face higher income tax rates than the poor, which is not good since it is the rich who provide jobs for the poor." This is an example of
A) a positive statement.
B) a normative statement.
C) a negative statement.
D) a descriptive statement.
E) a theoretical statement.
Correct Answer:
Verified
Q85: "The rich should face higher income tax
Q86: A positive statement is
A)about what ought to
Q87: Model A is superior to model B
Q88: Which of the following is a positive
Q89: A normative statement is
A)about what is.
B)always false.
C)capable
Q91: Complete the following sentence.Economic models
A)were first developed
Q92: A normative statement is a statement regarding
A)the
Q93: Statements about "what ought to be" are
Q94: The scientific purpose of simplifying assumptions in
Q95: An economic model is
A)useful if it predicts
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