Which of the Following Is a Normative Statement

A normative statement explains what should be base of the subject according to the belief through valued judgement that describes the fairness of the subject on public policy. C The governments cuts in welfare spending impose an unfair hardship on.

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A normative economic statement is an economic ideology aimed at prescribing economic development.

. A positive statement seeks to describe or explain something based on empirical evidence while a normative statement seeks to recommend something or to express a subjective opinion. True or false The following is a normative statement. Which of the following statements is a normative.

36 Which of the following is a normative statement. Suppose an economist tells you that the unemployment rate in Canada last year was 45 percent. An increase in consumer income will lead to increased sales of beef.

A normative statement explains what should be base of the subject according to the belief through valued judgement that describes the fairness of the subject on public policy. Which of the following is a normative statement. When the price of gasoline rises drivers buy less gasoline.

Candy bars are more expensive than newspapers. This is an example of an _____ statement. O c Incomes grow more rapidly in high-tax states than low-tax states.

Asked Oct 9 2021 in Economics by UberCool. Taking extra vitamin C prevents catching a cold. The price of gasoline is too high c.

117 Which of the following is a normative economic statement. B The price of gasoline is too high. People will buy less butter at 150 per pound than they will at 1 per pound.

Gas prices are expected to fall in the near future d. Studying more hours leads to an increase in your GPA. A Consumers will buy more gasoline over the Christmas holiday even if the price of gas is 10 cents higher than it was during the Thanksgiving holiday.

As prices go up the quantity demanded of a good goes down False or True. Which of the following is a statement of normative economics. The higher is the level of taxes the lower is consumption spending.

Normative statement is the statement which tells about the what should be or what ought to be and should is used in the line of normative statement and it is not based on the facts but based on the judgement of what should be in future so the price of milk is too high is normative statement which shows that it is not based on the facts. Therefore the unemployment rate should be lowered is a valued judgement based on the belief that it will bring economic welfare. D a and c are positive statements b and d are normative statements.

This is a normative statement because it reflects value judgments. A decrease in price leads to an increase in quantity consumed. If the government increases spending unemployment will fall.

The minimum wage is good because it raises wages for the working poor. C Only a is a positive statement b c and d are normative statements. The minimum wage reduces the number of jobs for less-skilled workers.

B The current butter surplus is the result of federal policies. C When the price of gasoline rises transportation costs rise. A Positive analysis uses an economic model to estimate the costs and benefits of different course of actions.

Which of the following is a normative statement. Normative economicsAn example of a normative economic statement is as follows. The price of candy bars is 125 each.

Which of the following is a normative statement. Tuition fees should be waived for low-income students. Normative and Positive Analysis.

3 Which of the following statements about positive economic analysis is true. Which of the following is a normative economic statement. Cars can run on gasoline electricity or diesel fuel e.

117 A When the price of gasoline rises the quantity of gasoline purchased falls. The minimum wage encourages firms to substitute capital for labor. The price of milk should be 6 a gallon to give dairy farmers a higher living standard and to save the family farm.

Asked Apr 24 2020 in Economics by elly_leigh. Which of the following is a normative statement. Which of the following is a normative statement.

You should eat less candy. An increase in the income tax will cause a greater reduction in savings than an increase in the sales tax. The government should increase spending during times of economic recession.

The person making the statement expresses a judgment as to what should be done in the economy for its best and most optimal. A decrease in the rate of unemployment will lead to upward pressure on consumer prices. D The current high price of gasoline is the result of strong worldwide demand.

The higher is the level of taxes the higher are wage demands. Therefore availability of the goods at a reasonable rate in the economy is a valued judgement based on the belief that it will bring economic welfare. The federal minimum wage is increasing to 650 an hour.

B a and b are positive statements c and d are normative statement. The minimum wage is supported by unions. People would be better off if government expenditures were higher.

Which of the following is a normative statement. The price of gasoline is rising b. An increase in tax rates means people work fewer hours.

B There is much less disagreement among economists over normative economic analysis than over positive economic analysis. If banks create more money unemployment will decrease. Group of answer choices Popcorn and candy are sold in movie theaters.

A normative macroeconomic statement or economic statement is one where there is value judgment. If the price of gasoline rises car. States should require all motorcycle riders to wear helmets to reduce the number of accidents.

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