Which of the following is a normative economic statement?
A)Falling global demand for pesticides has led to decreases in the price of pesticides.
B)With falling mortgage rates and falling unemployment rates,the number of new homes being built has increased.
C)The state of Florida's unemployment rate dropped when several large companies relocated to the Miami area.
D)Global warming should be at the top of every economic agenda.

Question

Quizplus · Accepted Answer

The statement "Global warming should be at the top of every economic agenda" is a normative economic statement because it expresses a value judgment and involves subjective opinions and beliefs about what should be done. The other statements are positive economic statements that describe factual relationships or correlations between economic variables.

Which of the Following Is a Normative Economic Statement