The comment that "taxes must be reduced for the good of the economy" is an example of a normative economic statement.

Name: The comment that "taxes must be reduced for the good of the economy" is an example of a normative economic statement.
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Question

Quizplus · Accepted Answer

Normative economic statements are opinions or value judgments about what ought to be, rather than statements of fact, and the comment about reducing taxes for the good of the economy reflects a judgment or opinion, not an objective fact.

The Comment That "Taxes Must Be Reduced for the Good