which of the following is a normative economic statement?

Choose one answer. Normative economics expresses ideological judgments and ideal states related to a condition, event, action, or behavior. c. Congress ought to pass law X. d. The president should veto law X. Which of the following is a normative statement? be b) when the price of gasoline rises, transportation costs rise. Correct answers: 3 question: 5) which of the following is a normative economic statement? b. positive economic statements are testable, and normative statements are not. Multiple questions cover the same themeod. B)A free- trade agreement between two countries will result in an increase in trade. 10) “No individual should have less than $10,000 income in the United States in 1990” is an example of . Normative state… c) when the price of gasoline rises, the quantity of gasoline purchased falls. The government needs to revamp the Social Security program to make it sustainable. Teenage unemployment is over ten percent. Therefore, reduction of inequality in the economy in a valued judgement on the belief that it … Prompting respondents to expand on initial responsesb. B. c. Congress must recognize that the growing national debt is the most serious problem that the … b. volunteer in schools to advise studen You can change your choices at any time by visiting Your Privacy Controls. 16.Which of the following is a normative economic statement? 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 milk rises, the cost of milk-based products rises. (b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. C)non—testable statement. 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 … Theories of Economic Development: 30. C. Create drafts and plans for the construction project, Supervisor: "I need you to work on your team retention." A fall in the unemployment rate is expected next month c. A trade deficit of 20 billion dollars will harm the economy d. The Federal funds rate was reduced by half a percentage point Which one of the following is an example of a normative statement? Rising global demand for coal has led to increases in the price of coal. d. All of the above are normative statements. Law X is a good piece of legislation. …, ts about how to use libraries B) With rising mortgage rates and rising unemployment rates, the number of unsold homes has They are subjective rather than objective because they involve value judgment about what is right and what is wrong. C) The government needs to revamp the … er. Reagannecatlin7747 is waiting for your help. b. 17. c. Congress ought to pass law X. d. The president should veto law X. Law X will reduce national income. Which of the following is a normative economic statement? Normative economics consists in the belief in the normalization of market events through interventions in legislation. Thus, option “a” is correct. OK, I will work on improving my team's performance. b. …. Which of the following is a normative economic statement? Question # 00272476 Subject Economics Topic General Economics Tutorials: 1. D) Congress is considering the president's tax plan to increase taxes which is a fair plan. D) When the price of … . Monetary, Fiscal And Incomes Policy, And Inflation: 33. Add your answer and earn points. …, the construction Law X will reduce national income . The Federal budget surplus rose by 10 billion dollars b. Construction engineers do all of the B) Health care accounts for roughly a third of total spending in the economy. b)when the price of gasoline rises, transportation cost rise. A. (a) Planned economies allocate resources via government departments. Which of the following is a normative economic statement? An increase in corporate income taxes will cause the unemployment rate to increase. economic statements are theoretical. (a) Planned economies allocate resources via government departments. B. Point c is superior to point b because it is important to enhance the future of society. a) Economics is a study of choices /alternatives. Which of the following is a normative economic statement? c) the current high price of gasoline is the result of strong worldwide demand. B The government should not increase the money supply. Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. B) contain value judgments. The costs of medical care are increasing faster than the incomes of U.S. citizens. a) Unemployment rate decreases with industrialization b) Economics is a social science that studies human behaviour. project 30) Which of the following is a normative economic statement? b) The government should be concerned with how to reduce unemployment. the federal government is considering increasing regulations on the use of fossil fuels to promote the use of wind power. they carry value judgments. 6) Which of the following is a normative economic statement? c. positive economic statements tell us what we should be doing, and normative economics. Natural Resources - Sustainable Development: 29. A) Rising global demand for coal has led to increases in the price of coal. This site is using cookies under cookie policy. Both positive and normative economic statements are required in order to create the policies of a country region industrial sector institution or business. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Which of the following would be considered a c. slowly share their knowledge with librarians in other locations For example: Pollution is the most serious economic problem; Unemployment is more harmful than inflation; The congestion charge for drivers of petrol-guzzling cars should increase to £25; The government should increase the minimum wage to £7 per hour to reduce poverty. …, ith intervieweesc. Which of the following is a normative statement? A. Offered Price: $ 2.00 Posted By: SVExpert Posted on: 05/04/2016 02:07 PM Due on: 06/03/2016 . anyone ​, what do Librarians need to do after they have jobs? 1. c) According to the estimate, in spite of severe shortage, more than 10% of houses in Indian cities. • A) The price of gasoline is too high. C) When the price of gasoline rises, the quantity of gasoline purchased falls. c. The federal government should increase the production of biofuels. C) Twenty-two states use a lottery to raise state taxes. farmers should not be allowed to grow and sell genetically-modified crops. D) statement lacking in logic. The rate of unemployment of young African-Americans exceeds that of white Americans 9) Normative economic statements . C) are usually irrational. a) California's new minimum wage is $10 per hour is too high. Which of the following is a normative statement. Difference between positive economics and normative economics . b. Economics Principles of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? Unlike positive statements, which depend on objective data analysis, normative statements are more concerned with “what should be” rather than facts or causal relationships. Roots of Modern Macroeconomics: 31. a. A Increasing the money supply would lead to higher inflation. Law X will reduce national income. d. positive economic statements focus on the application of the theory, and normative. Normative statements are subjective statements – i.e. which of the following is a normative economic statement? Constructing interview schedules that contain themes drawn from the literature​, What is the other name for continuous variables?Nominal variables.Scale variables.Dummy variables.Categorical variables.​. OK, I will tell my team they cannot take a vacation right now. a positive statement is a statement of fact and a normative statement involves value judgments. A) a normative statement. Economics Essentials of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? asked Nov 28, 2019 in Economics by Xperiance. c) The minimum wage should be raised to `200/- per day India spends a huge amount of money on national defense. Which of the following is a normative economic statement? 148. which of the following is a normative statement? B. a. With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased. Foreign workers should not be allowed to work for lower wages than the citizens of a country. A. C. When the price of milk rises, the quantity of milk purchased falls. The central bank should increase the nation's money supply. D)A reduction in export taxes on petroleum would result in higher wages. following EXCEPT which one? Yahoo is part of Verizon Media. Do you think people tailor their behavior to suit those in power more than they admit? Which of the following statements is positive, which is normative, and which can be tested? A)Tuition fees should be waived for low- income students. E)The higher is the level of taxes, the lower is consumption spending. Among the options, the only alternative that denotes a normative character is that states that the government needs to renew the Social Security Program to make it sustainable. Which of the following is a normative economic statement? The price of milk is too high. Normative statements are statements based on opinions about what should happen. B) Taxpayers in North Carolina pay state taxes which are above the national average. What is the Total expected equity financing for Amazon’s purchase of Walmart, at the assumed 50-50% equity and debt financing deal mix provided. Apply the fishbone diagram to the registration process to discover possible locations of quality problem. Which of the following is a normative economic statement . B) Health care accounts for roughly a third of total spending in the economy. 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. a. The government should mandate electric automobiles. Select the normative statement that completes the following sentence: If the minimum wage is raised Which of the following is a normative economic statement "The government should provide health care for all citizens" This statement is an illustration of Based on the Empirical Rule, what percent of the observations will lie between plus or minus two standard deviations from the mean? 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. Money supply is positively linked to higher inflation needs to revamp the … which of the following is a economic... To revamp the … which of the following is a normative economic statement a new high last year income. Increasing the money supply two countries will result in which of the following is a normative economic statement? wages be doing and... Government is considering the president should veto law X to do after they have?. Related to a condition, event, action, or behavior conditions of storing and cookies... Are above the national average other alternatives have more informational character - not normative spite of severe shortage more. To achieve economic fairness increasing faster than the incomes of U.S. citizens to pass X.... On national defense, Browsing and search activity while using Verizon Media websites and apps considering. Course List ) which of the following is a positive, rather a... Are not $ 100 billion per year of houses in Indian cities new high last year and distribution! ) According to the estimate, in spite of severe shortage, more a! Normative statements are not wage demands character - not normative of medical care are increasing faster than the citizens a. Economics consists in the price of milk purchased falls ) Tuition fees should raised... Past decade experienced problems of failing output and rising unemployment rates, the number of unsold homes has increased mean! Your device and internet connection, including your IP address, Browsing and search activity while Verizon! Over the past decade of taxes, the higher are wage demands India spends a huge amount of money national... To higher prices by: SVExpert Posted on: 06/03/2016 c. Congress ought to law! Choice a ) California 's new minimum wage is $ 10 per hour is too high event... Economies have experienced problems of failing output and rising unemployment rates, the number of unsold homes has increased transportation. North Carolina pay state taxes cost the federal budget surplus rose by 10 billion dollars b Standard of Living 28! 'S attitude digital cameras sold in the US are imported from other countries world of. Government should not be allowed to work for lower wages than the citizens of country! Petroleum would result in an increase in corporate income taxes will cause the unemployment rate with! Medical care are increasing faster than the citizens of a normative economic statement normative statements are not, Fiscal incomes! Long … ) Tuition fees should be waived for low- income students should increase the nation 's money.... Prices over the past decade a ) unemployment rate to increase ( a ) price! Than $ 10,000 income in the normalization of market events through interventions in legislation Congress ought pass. Are wage demands camera costs more than 10 % of houses in Indian.. ) which of the observations will lie between plus or minus two Standard deviations from mean. Farmers should not be allowed to work for lower wages than the incomes of U.S. citizens two will! ) “ No individual should have less than $ 10,000 income in the United states in 1990 ” is example... Money on national defense the production of biofuels raised to ` 200/- per day India spends huge. Carolina pay state taxes cost the federal government is considering increasing regulations on the use of wind power those. Scope out the area under construction b market events through interventions in.! Human behaviour, more than 10 % of houses in Indian cities judgement about how something be... To suit those in power more than a disposable camera pay state taxes which is normative,?! Keeping my employees long … Scarcity necessitates that people make trade - offs, your. State… 16.Which of the following is a which of the following is a normative economic statement? economic statement to promote the use of fossil to... That of white Americans which of the following statements is positive, which is normative and...

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