Which of the following is a normative statement?
A) Next year's inflation rate will be under 4 percent.
B) Consumers will buy more gasoline over the Christmas holiday even if the price of gas is 10 cents higher than it was during the Thanksgiving holiday.
C) The government's cuts in welfare spending impose an unfair hardship on the poor.
D) The current butter surplus is the result of federal policies.
Correct Answer:
Verified
Q184: Which of the following is a normative
Q185: Which of the following is a normative
Q186: An economic model is
A) a generalization that
Q187: "Government should act to reduce poverty levels."
A)
Q188: An economic model includes
A) only normative statements.
B)
Q190: Mark Zuckerberg believes everyone in the world
Q191: Normative statements are statements about
A) prices.
B) quantities.
C)
Q192: Economic models
A) are essentially different from those
Q193: Which of the following is a normative
Q194: A normative statement is
A) about what ought
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