Which of the following is true regarding this statement? "The president's decision to spend more money on national defense is smart."
A)This topic would be studied in microeconomics.
B)Ceteris paribus does not apply to the government.
C)The federal government does not face scarcity.
D)This is a normative statement.
E)Social interest must always be more important than self-interest.

Question

Quizplus · Accepted Answer

This is a normative statement because it expresses an opinion or value judgment about what ought to be, rather than stating a fact that can be tested or verified.

Which of the Following Is True Regarding This Statement? "The