Which is a normative economic statement?
A) Raising the price of new textbooks will lead students to seek more used textbooks.
B) Raising the price of new textbooks will lead students to buy fewer new textbooks.
C) Publishers should not raise the price of new textbooks.
D) The price of new textbooks will rise if transportation costs and costs of paper rise.
Correct Answer:
Verified
Q1: Larry Summers argued that it makes economic
Q2: In a now infamous leaked memo, Larry
Q3: Which is a normative economic statement?
A) Tests
Q4: Which is a positive 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
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