which of the following is a normative economic statement?

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. Which of the following is a normative economic statement . a) California's new minimum wage is $10 per hour is too high. The current high price of milk is the result of reduced worldwide supply. Which of the following is a normative economic statement? Normative economics expresses ideological judgments and ideal states related to a condition, event, action, or behavior. C) are usually irrational. Yahoo is part of Verizon Media. 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 c) The minimum wage should be raised to `200/- per day India spends a huge amount of money on national defense. Unlike positive statements, which depend on objective data analysis, normative statements are more concerned with “what should be” rather than facts or causal relationships. A) Rising global demand for coal has led to increases in the price of coal. The central bank should increase the nation's money supply. a. Which of the following is a normative economic statement? 30) Which of the following is a normative economic statement? I personally think the answer is C. Because in my text book, Positive analysis means what is and Normative analysis means what ought to be. C) When the price of gasoline rises, the quantity of gasoline purchased falls. Thus, option “a” is correct. With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased. C. Scarcity necessitates that people make trade - offs. tells us what we should have done. 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. Apply the fishbone diagram to the registration process to discover possible locations of quality problem. Rising global demand for coal has led to increases in the price of coal. C) The government needs to revamp the … B) contain value judgments. OK, I will tell my team they need to work overtime. Normative economics consists in the belief in the normalization of market events through interventions in legislation. Normative economics provides judgments that show the way an economy should behave to achieve economic fairness. B) Health care accounts for roughly a third of total spending in the economy. B. Which one of the following is an example of a normative statement? B. Which of the following is a normative statement? 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. project c. Congress ought to pass law X. d. The president should veto law X. which of the following is a normative economic statement? B The government should not increase the money supply. The government needs to revamp the Social Security program to make it sustainable. Which of the following is a normative economic statement? B) Health care accounts for roughly a third of total spending in the economy. A normative economic statement expresses a cake judgement about how something should be. Which of the following is a normative economic statement? • A) The price of gasoline is too high. Law X will reduce national income. You can change your choices at any time by visiting Your Privacy Controls. Teenage unemployment is too high. Debit balance with Binodjournal plz reply!!!!! c) According to the estimate, in spite of severe shortage, more than 10% of houses in Indian cities. Building rapport w …, the construction a. Russia to lift grain export ban. Law X will reduce national income . D)A reduction in export taxes on petroleum would result in higher wages. D) statement lacking in logic. Which of the following is a normative economic statement? Regional Trading Arrangements: 32. Which of the following is a normative 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. D) When the price of … Which of the following is a normative economic statement? Marks: 2 Which of the following is a normative economic statement? 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 c. slowly share their knowledge with librarians in other locations b. Which of the following would be considered a b)when the price of gasoline rises, transportation cost rise. A. 1. Monetary, Fiscal And Incomes Policy, And Inflation: 33. Do you think people tailor their behavior to suit those in power more than they admit? 148. which of the following is a normative statement? C)The higher is the level of taxes, the higher are wage demands. c. The federal government should increase the production of biofuels. A) violate the law of ceteris paribus. b. rising corn prices have increased the price of corn-based ethanol. …, ts about how to use libraries Natural Resources - Sustainable Development: 29. D) Congress is considering the president's tax plan to increase taxes which is a fair plan. Answer and Explanation: The correct answer is A. The price of milk is too high. Economics Principles of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? E)The higher is the level of taxes, the lower is consumption spending. b) The government should be concerned with how to reduce unemployment. Which of the following is a positive economic statement? The government should mandate electric automobiles. Therefore, reduction of inequality in the economy in a valued judgement on the belief that it … Law X will reduce national income. anyone ​, what do Librarians need to do after they have jobs? You can specify conditions of storing and accessing cookies in your browser. A Increasing the money supply would lead to higher inflation. 9) Normative economic statements . 17. D. People should not buy SUVs. c. Congress ought to pass law X. d. The president should veto law X. Choose one answer. B) The current high price of gasoline is the result of strong worldwide demand. Correct answers: 3 question: 5) which of the following is a normative economic statement? Foreign workers should not be allowed to work for lower wages than the citizens of a country. The Federal budget surplus rose by 10 billion dollars b. OK, I will tell my team they cannot take a vacation right now. c) the current high price of gasoline is the result of strong worldwide demand. Difference between positive economics and normative economics . . OK, I will work on improving my team's performance. d. continually train to stay up to date on information technology developments. C) The government needs to revamp the D) Social Security program to make it sustainable. 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. d) the current high price of gasoline is the result of strong worldwide demand. Which of the following is a normative economic statement? a) Unemployment rate decreases with industrialization b) Economics is a social science that studies human behaviour. a. The costs of medical care are increasing faster than the incomes of U.S. citizens. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. A) a normative statement. A) The deduction for state taxes cost the federal government $100 billion per year. er. A. a) the price of gasoline is too high. c. Congress must recognize that the growing national debt is the most serious problem that the … Which of the following is a normative economic statement? They are subjective rather than objective because they involve value judgment about what is right and what is wrong. 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 … following EXCEPT which one? 10) “No individual should have less than $10,000 income in the United States in 1990” is an example of . C)non—testable statement. The rate of unemployment of young African-Americans exceeds that of white Americans farmers should not be allowed to grow and sell genetically-modified crops. 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? Normative statements are statements based on opinions about what should happen. OK, I will work on improving my team's attitude. …, ith intervieweesc. a. attend conferences where they train other librarians (b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. Construction engineers do all of the b. B) With rising mortgage rates and rising unemployment rates, the number of unsold homes has Teenage unemployment is over ten percent. Based on the Empirical Rule, what percent of the observations will lie between plus or minus two standard deviations from the mean? Use GPS to scope out the area under construction Law X is a good piece of legislation. a) Economics is a study of choices /alternatives. d. positive economic statements focus on the application of the theory, and normative. Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. Both positive and normative economic statements are required in order to create the policies of a country region industrial sector institution or business. 36) Which of the following is a normative statement? D Prices will increase following an increase in money supply. B)A free- trade agreement between two countries will result in an increase in trade. Roots of Modern Macroeconomics: 31. Reagannecatlin7747 is waiting for your help. 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. Normative statements are subjective statements – i.e. Theories of Economic Development: 30. be b) when the price of gasoline rises, transportation costs rise. C. Create drafts and plans for the construction project, Supervisor: "I need you to work on your team retention." Obtain the proper funding for This site is using cookies under cookie policy. a. B) Taxpayers in North Carolina pay state taxes which are above the national average. B. A. Offered Price: $ 2.00 Posted By: SVExpert Posted on: 05/04/2016 02:07 PM Due on: 06/03/2016 . c) when the price of gasoline rises, the quantity of gasoline purchased falls. (c) There is a greater degree of consumer sovereignty in market economies than planned economies. asked Nov 28, 2019 in Economics by Xperiance. An increase in corporate income taxes will cause the unemployment rate to increase. B. Most digital cameras sold in the US are imported from other countries. d. All of the above are normative statements. A)Tuition fees should be waived for low- income students. c. positive economic statements tell us what we should be doing, and normative economics. A) The world price of rice in October 2012 was about US$585 per tonne. Which of the following statements is positive, which is normative, and which can be tested? b. (a) Planned economies allocate resources via government departments. E) Retail sales are expected to continue on their downward trend in the next three quarters. C. When the price of milk rises, the quantity of milk purchased falls. 16.Which of the following is a normative economic statement? Question # 00272476 Subject Economics Topic General Economics Tutorials: 1. Add your answer and earn points. 6) Which of the following is a normative economic statement? C Money supply is positively linked to higher prices. Find out more about how we use your information in our Privacy Policy and Cookie Policy. they carry value judgments. b. positive economic statements are testable, and normative statements are not. OK, I will work on keeping my employees long (a) Planned economies allocate resources via government departments. a positive statement is a statement of fact and a normative statement involves value judgments. Economics Essentials of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? The other alternatives have more informational character - not normative. Prompting respondents to expand on initial responsesb. National Income And The Standard Of Living: 28. b. volunteer in schools to advise studen Point c is superior to point b because it is important to enhance the future of society. …. D) are easily testable. Normative state… Multiple questions cover the same themeod. Which of the following is a normative statement? the federal government is considering increasing regulations on the use of fossil fuels to promote the use of wind power. A digital camera costs more than a disposable camera. A. economic statements are theoretical. C) Twenty-two states use a lottery to raise state taxes. China is Australia’s largest trading partner. Validity in interviews is strengthened by the following EXCEPT:Select one:a. Which of the following is a normative 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.​. Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. a. Law X is a good piece of legislation. Economic Development in Historical Perspective: 27.

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