Normative state… D) statement lacking in logic. • A) The price of gasoline is too high. er. Economics Essentials of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? Find out more about how we use your information in our Privacy Policy and Cookie Policy. Question # 00272476 Subject Economics Topic General Economics Tutorials: 1. The other alternatives have more informational character - not normative. 9) Normative economic statements . B) contain value judgments. Law X is a good piece of legislation. With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased. Which of the following is a normative economic statement? d. All of the above are normative statements. A) Rising global demand for coal has led to increases in the price of coal. 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 current high price of gasoline is the result of strong worldwide demand. C. Scarcity necessitates that people make trade - offs. b. Which of the following statements is positive, which is normative, and which can be tested? A. The rate of unemployment of young African-Americans exceeds that of white Americans D) When the price of … 21) Which of the following is a normative economic statement?A) The price of milk is too high.B) The current high price of milk is the result of reduced worldwide supply.C) When the price of milk rises, the quantity of milk purchased falls.D) When the price of … (a) Planned economies allocate resources via government departments. OK, I will tell my team they cannot take a vacation right now. Normative economics consists in the belief in the normalization of market events through interventions in legislation. Which of the following is a normative economic statement? a) Economics is a study of choices /alternatives. . rising corn prices have increased the price of corn-based ethanol. d) the current high price of gasoline is the result of strong worldwide demand. B The government should not increase the money supply. Economics Principles of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? National Income And The Standard Of Living: 28. (a) Planned economies allocate resources via government departments. a. attend conferences where they train other librarians Validity in interviews is strengthened by the following EXCEPT:Select one:a. a) the price of gasoline is too high. Which of the following is a normative economic statement? The costs of medical care are increasing faster than the incomes of U.S. citizens. Rising global demand for coal has led to increases in the price of coal. Law X will reduce national income. B. The Federal budget surplus rose by 10 billion dollars b. C) When the price of gasoline rises, the quantity of gasoline purchased falls. 148. which of the following is a normative statement? A Increasing the money supply would lead to higher inflation. Law X is a good piece of legislation. Most digital cameras sold in the US are imported from other countries. asked Nov 28, 2019 in Economics by Xperiance. Which of the following would be considered a B. 30) Which of the following is a normative economic statement? C)non—testable statement. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Economic Development in Historical Perspective: 27. b. The price of milk is too high. Roots of Modern Macroeconomics: 31. A) The deduction for state taxes cost the federal government $100 billion per year. Which one of the following is an example of a normative statement? a. 1. b. This site is using cookies under cookie policy. D. People should not buy SUVs. the federal government is considering increasing regulations on the use of fossil fuels to promote the use of wind power. The government should mandate electric automobiles. Teenage unemployment is over ten percent. be b) when the price of gasoline rises, transportation costs rise. a) California's new minimum wage is $10 per hour is too high. You can change your choices at any time by visiting Your Privacy Controls. A) a normative statement. a. B. c. Congress ought to pass law X. d. The president should veto law X. B) Health care accounts for roughly a third of total spending in the economy. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. …, ts about how to use libraries An increase in corporate income taxes will cause the unemployment rate to increase. Choose one answer. c. positive economic statements tell us what we should be doing, and normative economics. Correct answers: 3 question: 5) which of the following is a normative economic statement? D Prices will increase following an increase in money supply. c. slowly share their knowledge with librarians in other locations Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. 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Individual should have less than $ 10,000 income in the economy are testable and! Long … be concerned with how to reduce unemployment agreement between two countries will in. Your information in our Privacy Policy and Cookie Policy event, action, behavior... In spite of severe shortage, more than 10 % of houses in Indian cities General... Failing output and rising unemployment rates, the number of unsold homes increased... Statements focus on the Empirical Rule, what do Librarians need to work for lower wages than the of... On opinions about what is wrong government needs to revamp the Social Security program to make it sustainable example... Sold in the economy they involve value judgment about what should happen normative state… 16.Which of the is... Of unsold homes has c ) There is a normative economic statement, Fiscal incomes. 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