Which of the following is an example of a normative statement?Select one:O a. An increase in the price of tea will decrease the amount of tea purchased. However, it will increase the amount of coffeepurchased.b. The minimum wage led to increase unemployment and unskilled workersO c. None of the answers are correctO d. the inflation has increased in India by 50% in the past three yearse. Reducing taxes have positive impact on the economic growth

Demand is the total quantity of commodities that the consumers are willing to purchase at different…

Which of the following is an example of a normative statement? Select one: O a. An increase in the price of tea will decrease the amount of tea purchased. However, it will increase the amount of coffee purchased. O b. The minimum wage led to increase unemployment and unskilled workers O c. None of the answers are correct O d. the inflation has increased in India by 50% in the past three years Oe. Reducing taxes have positive impact on the economic growth

Which of the following is an example of a normative statement? Select one: O a. An increase in the price of tea will decrease the amount of tea purchased. However, it will increase the amount of coffee purchased. O b. The minimum wage led to increase unemployment and unskilled workers O c. None of the answers are correct O d. the inflation has increased in India by 50% in the past three years Oe. Reducing taxes have positive impact on the economic growth

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter1: The Role And Method Of Economics

Section: Chapter Questions

Problem 8P

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Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?
Which of the following is an example of a normative statement? Select one: O a. None of the answers are correct Ob. An increase in the price of tea will decrease the amount of tea purchased. However, it will increase the amount of coffee purchased. c. Reducing taxes have positive impact on the economic growth O d. The minimum wage led to increase unemployment and unskilled workers O e. the inflation has increased in India by 50% in the past three years Next page
Which one of the following is a Normative statement? O a. Popcom and chocolates are sold in movie theatres O b. Chocolates are more expensive than newspapers Oc The price of chocolate is $1.25 each Od. You should eat less chocolate Which of the following is a Normative statement? O a. The unemployment rate is too high O b. 40% of the public believes that the unemployment rate is too high Oc The unemployment rate increased last month Od. All of these
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people are rational QUESTION7 Ben says that "an increase in the tax on beer will raise its price." Holly arques that "taxes should be increased on beer because college students drink too much." We can conclude that: A. Both statements are B. Both statements are C. Ben's statement is normative, but Holly's is positive O D.Holly's statement is normative, but Ben's is positive positive normative
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