Which of the following is a normative statement?
A) The current exchange rate is 0.7 British pounds per U.S.dollar.
B) In January,the average temperature in Fargo,North Dakota,is 56 degrees.
C) Winters in Arkansas are too cold.
D) On average,people save 15 percent when they switch to GEICO.
E) University of Virginia graduates earn more than Duke University graduates.
Correct Answer:
Verified
Q13: A positive statement
A) is a claim that
Q14: Variables that are NOT accounted for in
Q15: Which of the following is a positive
Q16: Economists use the scientific method and the
Q17: The scientific method and the tools of
Q19: Which of the following is a positive
Q20: Which of the following is a positive
Q21: The production possibilities frontier (PPF)shows
A) the trade-off
Q22: Think of the production possibilities frontier (PPF)model.When
Q23: A graph that shows the maximum attainable
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