Which is a normative economic statement?
A) Tests should always be hard to ensure that students are challenged.
B) Quantity demanded for steak will fall if the price of steak rises.
C) Hot dogs and hot dog buns are generally complementary goods.
D) Each of these three statements uses normative economics.
Correct Answer:
Verified
Q1: Larry Summers argued that it makes economic
Q2: In a now infamous leaked memo, Larry
Q4: Which is a positive economic statement?
A) Raising
Q5: Which is a normative economic statement?
A) Raising
Q6: Gary Becker, a Nobel Prize-winning economist, argued
Q7: Which statement is an example of positive
Q8: The difference between positive and normative economics
Q9: Which is a positive economic statement?
A) Shortages
Q10: Which is a positive economic statement?
A) The
Q11: Normative economics is about:
A) verifying and confirming
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