Which of the following statements is a normative as opposed to a positive economic statement?
A) Consumer spending helps to create jobs.
B) If the price of gasoline goes up, people buy less gasoline.
C) Labor unions should be allowed to organize in every industry.
D) Government intervention in markets is common in many countries.

Question

Quizplus · Accepted Answer

This statement is normative because it expresses an opinion or value judgment about what should or should not be allowed regarding labor unions. The other statements are positive because they describe what is or what happens without expressing an opinion or value judgment.

Which of the Following Statements Is a Normative as Opposed