Which of the following is an example of a normative statement?
A) If the price of a product decreases, quantity demanded increases.
B) Reducing tax rates on the wealthy would be good for the country.
C) If the national saving rate were to increase, so would the rate of economic growth.
D) An increase in minimum wages will increase unemployment.
Correct Answer:
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A) individual decision makers
B)
A)descriptive, making
A)evaluating
A) how
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