Which of the following is a normative statement?
A) When interest rates rise, the quantity of loanable funds demanded for new mortgages will decline.
B) To achieve efficiency, governments should prevent monopoly in markets.
C) Unemployment increases during a recession.
D) When governments increase income tax rates, people work less.
Correct Answer:
Verified
Q28: If a government desires to increase production
Q29: Eggs are sold in a perfectly competitive
Q30: The extra benefit on one more unit
Q31: Suppose the efficient output currently prevails in
Q32: Normative economics is:
A)completely free of any value
Q34: The marginal social cost of bread exceeds
Q35: Normative economics:
A)is not based on underlying value
Q36: The wine industry is currently composed of
Q37: The total social benefit of automobiles equals
Q38: A move from an inefficient resource allocation
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