Which of the following is a normative statement?
A) The higher is the level of taxes,the lower is consumption spending.
B) The higher is the level of taxes,the higher are wage demands.
C) A reduction in export taxes on petroleum would result in higher wages.
D) Tuition fees should be waived for low-income students.
E) A free-trade agreement between two countries will result in an increase in trade.
Correct Answer:
Verified
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