Which of the following is NOT a normative economic statement?
A)The price of petrol is too high.
B)People over the age of 75 should not be allowed to drive cars.
C)Teenagers are responsible for most driving fatalities.
D)We don't spend enough money on anti-smoking campaigns.
E)States should reduce the tax on heating fuel oil during the winter.

Question

Quizplus · Accepted Answer

Normative economic statements make value judgments and are subjective. Option C is a statement of fact rather than an opinion or value judgment. The other statements express a subjective opinion on what should happen or what is desirable.

Which of the Following Is NOT a Normative Economic Statement