Which of the following is a normative question?
A) Why do gasoline prices increase between Memorial Day and Labor Day?
B) What will happen to gasoline consumption if the federal tax on gasoline is eliminated?
C) To reduce the regressive nature of the gasoline excise tax, should the portion of the gasoline excise tax paid by high-income individuals be increased?
D) How will oil exploration be affected if the government subsidizes oil producers?
Correct Answer:
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Q91: A measure that can change from observation
Q93: Refer to Scenario 1.1 below to answer
Q94: Refer to Scenario 1.1 below to answer
Q95: Normative economics is an approach to economics
Q96: Refer to Scenario 1.1 below to answer
Q97: The aggregate price level is a topic
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