Which of the following represents a normative statement?
A)A decrease in price leads to an increase in quantity demanded.
B)The study of economics is more important than the study of history.
C)People will buy less butter at $1.50 per pound then they will at $1.00 per pound.
D)As an economy develops, the nation's birth rate tends to fall.

Question

Which of the following represents a normative statement?
A)​A decrease in price leads to an increase in quantity demanded.
B)​The study of economics is more important than the study of history.
C)​People will buy less butter at $1.50 per pound then they will at $1.00 per pound.
D)​As an economy develops, the nation's birth rate tends to fall.

Quizplus · Accepted Answer

A normative statement is a subjective statement that reflects an opinion or value judgment. Option B reflects an opinion on the importance of economics over history and is therefore a normative statement. The rest of the options represent positive statements that describe objective facts or causal relationships.

Which of the Following Represents a Normative Statement