Which of the Following Is a Normative Statement

B State governments should not subsidize corporations by training welfare recipients. Which of the following is a normative economic statement.

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87 of Americans feel that rising income inequality is a problem.

. The rate of inflation will rise. The distribution of income in the United States should be more equal c. B The higher is the level of taxes the higher are wage demands.

C Presidential candidates should not be given funds from the federal government to run campaigns. 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. Which one of the following is a normative statement.

B The current butter surplus is the result of federal policies. Which of the following statements is a normative as opposed to a positive economic statement. Which of the following is an example of a normative as opposed to positive statement.

It is a value judgment. Which of the following is a normative statement. We ought to do more to help the poor.

BWhen a government prints too much money inflation tends to rise. C The governments cuts in welfare spending impose an unfair hardship on. A ceiling on rents reduces the quantity and quality of housing available b.

Normative Statement - valued judgement. No one can prove that the statement is or is not correct. People will buy less butter at 150 per pound than they will at 1 per pound.

Economics questions and answers. It expresses the outcomes of the economy or what the goals of public policy would be. O c Incomes grow more rapidly in high-tax states than low-tax states.

Suppose an economist tells you that the unemployment rate in Canada last year was 45 percent. If you want to Save Which Of The Following. Which of the following is a normative statement in economics.

Normative statements include the verbs should would could or must. Here are some examples of normative statements in economics. Which of the following is a normative statement.

A normative statement is one that makes a value judgment. Tuition fees should be waived for low-income students. The federal government should raise taxes on wealthy people.

Gasoline prices ought to be lower than they are now. 36 Which of the following is a normative statement. People would be better off if government expenditures were higher.

Which of the following is a normative statement. Presidential candidates should not be given funds from the federal government to run campaigns. If the price of Pepsi increases then the quantity demanded decreases d.

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

DConsumer spending helps to create jobs. Which of the following is a normative rather than positive statement. More spending by the government reduces poverty.

A normative macroeconomic statement or economic statement is one where there is value judgment. The statement that income inequality should be minimized in a developed society is a normative statement rather than positive. Select the normative statement that completes the following sentence.

A The higher is the level of taxes the lower is consumption spending. Economic growth is associated with higher labor productivity growth. The person making the statement expresses a judgment as to what should be done in the economy for its best and most optimal.

The government should increase funds to the NHS in order to bring down death rates. E A The taxes paid by the poor should be reduced in order to improve the income distribution in the US. 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.

Unemployment rate is 97 percent. If the minimum wage is raised. This is an example of an _____ statement.

Reduced asked Apr 24 2020 in Economics by musicwiseman88. Workers will gain their rightful share of total income. Normative Statement - valued judgement.

Which of the following is a normative statement. The higher is the level of taxes the higher are wage demands. CLabor unions should be allowed to organize in every country.

The Pakistans economy is growing fast relative to other SAARC members. Which of the following is a normative statement about economic growth. Introducing a minimum wage will help to remove poverty.

The higher is the level of taxes the lower is consumption spending. The government should concentrate on reducing unemployment. This is a statement that cannot be tested.

The social security system is a good system and it deserves to be preserved as it is. 4 Which of the following is a normative statement. Identity the correct statement.

The opportunity cost of pushing the production possibilities frontier outward is a. Are c In a capitalist economy the economic problems are solved by planning commission. Positive Statement - can be tested proven right or wrong.

Cost per unit of output will rise. AIf the price of cars goes up people buy fewer cars. A In deductive method logic proceeds from the particular to the general b Micro Macro Economics interdependent.

All of the above are normative statements. Which of the following is a normative statement. Most of the rise in income inequality is probably due to increasing wage gaps between high and low Income inequality has risen over the last 40 years.

A decrease in price leads to an increase in quantity consumed. D Higher the prices lower is the quantity demanded of a product is a normative statement. Such a judgment is the opinion of the speaker.

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