Which of the following is a normative statement?
A) The current exchange rate is 0.7 British pounds per U.S.dollar.
B) In January, the average temperature in Fargo, North Dakota, is 56 degrees.
C) Winters in Arkansas are too cold.
D) On average, people save 15% when they switch to GEICO.
E) University of Virginia graduates earn more than Duke University graduates.
Correct Answer:
Verified
Q10: Which of the following is necessary to
Q12: Ceteris paribus means
A) in sets of two.
B)
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Q16: Economists use the scientific method and the
Q19: One reason that economists make assumptions when
Q21: Refer to the following figure to answer
Q22: Refer to the following figure to answer
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