Which of the following is a normative statement?
A) Ceteris paribus,an increase in consumer income will lead to increased sales of beef.
B) An increase in income tax will cause a greater reduction in savings than an increase in the sales tax.
C) A decrease in the rate of unemployment will lead to upward pressure on consumer prices.
D) Ceteris paribus,an economy with high unemployment is worse than an economy with high inflation.
Correct Answer:
Verified
Q96: If a government wishes to make the
Q97: Ceteris paribus means
A)making all the necessary changes.
B)let
Q98: One reason why economists use models in
Q99: The term ceteris paribus means
A)all other things
Q100: A simplified representation of the real world
Q102: Which of the following is a positive
Q103: Positive economic analysis is said to be
A)true.
B)value
Q104: Economics is an empirical science because
A)economic analysis
Q105: If competing models are offered to explain
Q106: Successful models in any science must
A)be able
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