Which of the following is an example of a normative economic statement?
A) The inflation rate in Australia decreased from 4 per cent last year to 3 per cent this year as a result of lower energy prices.
B) The economy grew at an annual rate of 5 per cent during the first quarter of this year.
C) Australia should use more renewable energy to reduce greenhouse gas emissions.
D) An increase in international trade benefits some workers but hurts others.
Correct Answer:
Verified
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