The President's statement that "to encourage economic growth, taxes should be cut"
A) would be an example of a normative statement.
B) would be an example of a positive statement.
C) would be an example of a microeconomic statement.
D) would be a statement of mercantilist economic philosophy.
Correct Answer:
Verified
Q312: A positive economic statement is one that
A)
Q313: Normative economics
A) is never studied at the
Q314: Economics seeks to use only positive analysis
Q315: The difference between positive statements and normative
Q316: Which one of the following is an
Q318: Which of the following is NOT a
Q319: Which of the following is a positive
Q320: The headline in the local paper today
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