Which of the following is an example of normative economic statement?
A) Labour unions should be allowed to organize in every industry.
B) When the price of gasoline goes up,people buy less.
C) Increases in consumer spending generate more jobs.
D) Government intervention in markets is common in many countries.
Correct Answer:
Verified
Q123: The x axis on a graph is
A)the
Q124: Which of the following is a normative
Q125: Whenever statements expressing value judgments are made,we
Q126: The setting of penalties for drug possession
Q127: The goal of legislation aimed at lowering
Q129: Which of the following is a normative
Q130: Normative economic analysis always involves
A)true statements.
B)testable hypotheses.
C)value
Q131: An inverse relationship between two variables is
A)one
Q132: A widely accepted socio-economic goal is
A)unemployment.
B)inefficiency.
C)economic growth.
D)inflation.
Q133: A widely accepted socio-economic goal is
A)inefficiency.
B)price stability.
C)inflation.
D)unemployment.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents