A normative statement is one which:
A)is based on the law of averages.
B)pertains only to microeconomics.
C)pertains only to macroeconomics.
D)is based upon value judgments.

Question

Quizplus · Accepted Answer

A normative statement is based upon value judgments rather than on facts or empirical evidence. It expresses an opinion about what should be or what ought to be, rather than what is. Therefore, option D is the correct answer as it states that normative statements are based on value judgments. Options A, B, and C are all incorrect as they do not accurately describe what a normative statement is.

A Normative Statement Is One Which