Which of the following is NOT a normative economic statement?
A)Teenagers are responsible for most driving fatalities.
B)People over the age of 75 should not be allowed to drive cars.
C)States should reduce the tax on heating fuel oil during the winter.
D)The price of gasoline is too high.
E)We don't spend enough money on anti-smoking campaigns.

Question

Quizplus · Accepted Answer

A normative economic statement expresses a value judgment about whether a situation is desirable or undesirable, which is not the case for choice A, as it is a factual statement.

Which of the Following Is NOT a Normative Economic Statement