Which of the following contains only normative statements?
A) The birth rate is reduced as economies urbanize, but that also leads to a decreased average age of developing countries' populations.
B) An increase in the price of corn will decrease the amount of corn purchased. However, it will increase the amount of wheat purchased.
C) A decrease in the price of butter will increase the amount of butter purchased, but that would be bad because it would increase Americans' cholesterol levels.
D) none of the above contain only normative statements.
Correct Answer:
Verified
Q166: Which of the following questions is addressed
Q168: Exhibit 1-1 Q168: What would not be held constant in Q171: Bill says: "The imposition of a tax Q175: Which of the following best illustrates the Q175: The ceteris paribus assumption is used in Q177: Which of the following is true? Q177: Which of the following is most likely Q179: A microeconomist would most likely study the Q180: Which of the following is a positive![]()
A)Virtually all
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