Unemployment decreased to its lowest level in 10 years last month.This statement is a(n) :
A) example of an opportunity cost.
B) positive economic statement.
C) normative economic statement.
D) value judgement.
Correct Answer:
Verified
Q224: "Unemployment of 5% is too high" is:
A)a
Q225: A statement that the minimum wage should
Q226: "The current unemployment rate of 9% is
Q226: Which statement is positive?
A) The rate of
Q229: Which statement is positive?
A) The rate of
Q229: Which statement is normative?
A)Government has grown too
Q232: Statements that make value judgements are:
A) pecuniary.
B)
Q235: Which statement is normative?
A) The rate of
Q240: Which statement is a positive economic statement?
A)Government
Q251: Economists may disagree about policies because they:
A)approach
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