Which statement is an example of normative economics?
A) Tariffs increase deadweight loss.
B) Trade increases economic efficiency.
C) Tariffs should be lower.
D) Wealth-maximizing countries focus on producing their comparative advantage.
Correct Answer:
Verified
Q14: Which is an example of a normative
Q15: Which statement is an example of normative
Q16: Which is NOT a normative economic statement?
A)
Q17: A positive economic statement is:
A) a testable
Q18: Presidential campaign speeches about economic policy are
Q20: Which is an example of a positive
Q21: Which is NOT a so-called problem of
Q22: Larry Summers was chief economist of:
A) Google.
B)
Q23: _ is about making recommendations on what
Q24: The problems of standard economic reasoning that
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