Which if the following is a normative statement?
A) The extent of income inequality in the United States is unjust.
B) An increase in the demand for gasoline will lead to an increase in its price.
C) The American Recovery and Reinvestment Act has created hundreds of thousands of jobs.
D) The current unemployment rate is 8.5%
E) Inflation harms individuals living on fixed incomes.
Correct Answer:
Verified
Q162: All production involves an opportunity cost because
A)
Q164: A microeconomist might study which of the
Q165: For society as a whole,producing more of
Q166: When measuring the opportunity cost of taking
Q167: The question of scarce resources and unlimited
Q167: Opportunity costs arise in production because
A) resources
Q170: Scarcity means that society must make
A)goods
B)services
C)natural resources
D)output
E)choices
Q171: A consultant who earns $100 per hour
Q171: Entrepreneurship is typically identified with which of
Q172: Because resources are scarce,if society produces more
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