A normative economic statement
A)is a hypothesis used to test economic theory
B)is a statement of fact
C)is a statement of what ought to be, not what is
D)indicates what will occur if certain assumptions are true
E)enables economists to test hypotheses

Question

Quizplus · Accepted Answer

Normative economic statements express value judgments and opinions about how things should be as opposed to what is currently occurring.

A Normative Economic Statement