The important characteristic of normative statements is that they A)are based on somebody's values and cannot be tested. B)explain what normally happens in the real world. C)do not use the ceteris paribus assumption. D)help guide us to what will normally occur if some economic variable changes its value. E)explain what really exists.

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Quizplus · Accepted Answer

Normative statements are based on subjective values and opinions, and they cannot be tested or proven true or false. They express what ought to be rather than what is.

The Important Characteristic of Normative Statements Is That They