Which of the following is an example of a normative economic statement?
A) The inflation rate in Australia decreased from 4 per cent last year to 3 per cent this year as a result of lower energy prices.
B) The economy grew at an annual rate of 5 per cent during the first quarter of this year.
C) If two automobile companies merge, it is likely that the price of automobiles will rise.
D) An increase in international trade benefits some workers but hurts others.
E) Australia should use more renewable energy to reduce greenhouse gas emissions.
Correct Answer:
Verified
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