Which of the following represents a normative statement?
A) The temperature outside is 32 degrees Celsius.
B) The study of economics is more important than the study of history.
C) A decrease in price leads to an increase in quantity demanded.
D) People will buy less butter at $6.00 per kilogram than they will at $5.00 per kilogram.

Question

Quizplus · Accepted Answer

Normative statements express an opinion and involve value judgments. Option B expresses an opinion that the study of economics is more important than the study of history. Option A is a factual statement about the temperature outside, while options C and D are positive statements that describe cause-and-effect relationships.

Which of the Following Represents a Normative Statement