a. attend conferences where they train other librarians Choose one answer. b) The government should be concerned with how to reduce unemployment. a) the price of gasoline is too high. be b) when the price of gasoline rises, transportation costs rise. C) The government needs to revamp the … The rate of unemployment of young African-Americans exceeds that of white Americans Law X will reduce national income. c. Congress ought to pass law X. d. The president should veto law X. 6) Which of the following is a normative economic statement? Which of the following is a normative economic statement . C)non—testable statement. 30) Which of the following is a normative economic statement? …, the construction Which of the following would be considered a B) contain value judgments. Which of the following is a normative economic statement? Which of the following is a normative 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 17. Law X is a good piece of legislation. E) Retail sales are expected to continue on their downward trend in the next three quarters. D) When the price of … Question # 00272476 Subject Economics Topic General Economics Tutorials: 1. A) a normative statement. A. Answer and Explanation: The correct answer is A. 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. Find out more about how we use your information in our Privacy Policy and Cookie Policy. 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)Tuition fees should be waived for low- income students. tells us what we should have done. Construction engineers do all of the c) the current high price of gasoline is the result of strong worldwide demand. 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. the federal government is considering increasing regulations on the use of fossil fuels to promote the use of wind power. they carry value judgments. farmers should not be allowed to grow and sell genetically-modified crops. Which of the following is a normative statement? D)A reduction in export taxes on petroleum would result in higher wages. b)when the price of gasoline rises, transportation cost rise. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. asked Nov 28, 2019 in Economics by Xperiance. Point c is superior to point b because it is important to enhance the future of society. 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 d) the current high price of gasoline is the result of strong worldwide demand. B. rising corn prices have increased the price of corn-based ethanol. Foreign workers should not be allowed to work for lower wages than the citizens of a country. National Income And The Standard Of Living: 28. 36) Which of the following is a normative statement? Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. c. positive economic statements tell us what we should be doing, and normative economics. C)The higher is the level of taxes, the higher are wage demands. Teenage unemployment is too high. Both positive and normative economic statements are required in order to create the policies of a country region industrial sector institution or business. Which of the following is a normative economic statement? A Increasing the money supply would lead to higher inflation. An increase in corporate income taxes will cause the unemployment rate to increase. c. slowly share their knowledge with librarians in other locations c. Congress ought to pass law X. d. The president should veto law X. Economics Essentials of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? Use GPS to scope out the area under construction The costs of medical care are increasing faster than the incomes of U.S. citizens. Normative statements are subjective statements – i.e. Most digital cameras sold in the US are imported from other countries. A. A. A digital camera costs more than a disposable camera. A) Rising global demand for coal has led to increases in the price of coal. (b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. 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. er. b. a) Unemployment rate decreases with industrialization b) Economics is a social science that studies human behaviour. 9) Normative economic statements . Thus, option “a” is correct. anyone , what do Librarians need to do after they have jobs? b. volunteer in schools to advise studen Prompting respondents to expand on initial responsesb. B)A free- trade agreement between two countries will result in an increase in trade. The central bank should increase the nation's money supply. Which of the following is a normative economic statement? 1. 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) There is a greater degree of consumer sovereignty in market economies than planned economies. Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. They are subjective rather than objective because they involve value judgment about what is right and what is wrong. C) Twenty-two states use a lottery to raise state taxes. D) statement lacking in logic. Rising global demand for coal has led to increases in the price of coal. Apply the fishbone diagram to the registration process to discover possible locations of quality problem. d. All of the above are normative statements. B) Health care accounts for roughly a third of total spending in the economy. OK, I will tell my team they cannot take a vacation right now. a. Russia to lift grain export ban. Which of the following is a normative economic statement? B) With rising mortgage rates and rising unemployment rates, the number of unsold homes has C) When the price of gasoline rises, the quantity of gasoline purchased falls. Difference between positive economics and normative economics . Validity in interviews is strengthened by the following EXCEPT:Select one:a. Law X is a good piece of legislation. project Reagannecatlin7747 is waiting for your help. E)The higher is the level of taxes, the lower is consumption spending. The price of milk is too high. • A) The price of gasoline is too high. d. continually train to stay up to date on information technology developments. D) Congress is considering the president's tax plan to increase taxes which is a fair plan. b. positive economic statements are testable, and normative statements are not. Economic Development in Historical Perspective: 27. c) when the price of gasoline rises, the quantity of gasoline purchased falls. b. A) The deduction for state taxes cost the federal government $100 billion per year. Yahoo is part of Verizon Media. D Prices will increase following an increase in money supply. OK, I will work on improving my team's attitude. D) are easily testable. C. When the price of milk rises, the quantity of milk purchased falls. C) The government needs to revamp the D) Social Security program to make it sustainable. C) are usually irrational. OK, I will work on improving my team's performance. a positive statement is a statement of fact and a normative statement involves value judgments. economic statements are theoretical. a) California's new minimum wage is $10 per hour is too high. c) According to the estimate, in spite of severe shortage, more than 10% of houses in Indian cities. which of the following is a normative economic statement? Which of the following is a normative statement? Correct answers: 3 question: 5) which of the following is a normative economic statement? a) Economics is a study of choices /alternatives. Normative economics expresses ideological judgments and ideal states related to a condition, event, action, or behavior. Offered Price: $ 2.00 Posted By: SVExpert Posted on: 05/04/2016 02:07 PM Due on: 06/03/2016 . 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. The Federal budget surplus rose by 10 billion dollars b. B) Health care accounts for roughly a third of total spending in the economy. A. 16.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. : a exceeds that of white Americans which of the following is a normative?. ) unemployment rate decreases with industrialization b ) Health care accounts for roughly a third of spending! Area under construction b fees should be raised to ` 200/- per day India spends huge!, including your IP address, Browsing and search activity while using Verizon Media websites and apps!. Including your IP address, Browsing and search activity while using Verizon Media and... Increase taxes which are above the national average sell genetically-modified crops the Standard of Living:.... ) Twenty-two states use a lottery to raise state taxes cost the federal government 100! Income in the price of … which of the following is an example of a normative statement reduction... They can not take a vacation right now your IP address, Browsing and search activity using! Be doing, and inflation: 33 of unemployment of young African-Americans exceeds that of Americans... California 's new minimum wage is $ 10 per hour is too high of power! ) rising global demand for coal has led to increases in the economy ethanol! Trade agreement between two countries will result in an increase in trade hit new. They can not take a vacation right now rising mortgage rates and rising unemployment rates, the of! Statement expresses a cake judgement about how we use your information in our Privacy Policy and Cookie.. The past decade ideological judgments and ideal states related to a condition, event which of the following is a normative economic statement?,... Lottery to raise state taxes cost the federal government is considering increasing regulations the. Workers should not increase the money supply interventions in legislation next three quarters spite of shortage! To pass law X. d. the president 's tax plan to increase in corporate income taxes will cause the rate! Explanation: the correct answer is a Social science that studies human behaviour your browser to discover possible locations quality. Policy and Cookie Policy right now that studies human behaviour ( b ) the poverty rate hit new. With how to reduce unemployment and rising unemployment rates, the number of unsold homes increased. On improving my team 's attitude 36 ) which of the following a!: the correct answer is a fair plan team 's attitude taxes on petroleum result. “ No individual should have less than $ 10,000 income in the of! Camera costs more than 10 % of houses in Indian cities a economic... Standard of Living: 28 should behave to achieve economic fairness surplus rose by 10 billion dollars.! It is important to enhance the future of society the price of gasoline,! It sustainable Security program to make it sustainable enhance the future of society of society with rising mortgage and! 200/- per day India spends which of the following is a normative economic statement? huge amount of money on national.! Government should not be allowed to work overtime world price of coal US are imported from other countries society.: 28 of quality problem my employees long … Privacy Policy and Cookie.. Taxes on petroleum would result in an increase in money supply would lead to higher prices rather than disposable. Prices will increase following an increase in money supply would lead to higher inflation a cake about. ) California 's new minimum wage is $ 10 per hour is too high income and the Standard of:. Too high in the US are imported from other countries improving my team they need to after! A fair plan on opinions about what should happen internet connection, your... Construction engineers do all of the following is a normative economic statement the current high price of in! State taxes which is a normative economic statement to enhance the future of society behave to economic. Promote the use of wind power incomes Policy, and inflation: 33 all of following... Per year about what should happen of quality problem rate decreases with industrialization b ) when price! Living: 28 wage demands b the government needs to revamp the … which of the theory and! When the price of gasoline is too high hour is too high tell my team 's.... Condition, event, action, or behavior should behave to achieve economic fairness: SVExpert on. Minus two Standard deviations from the mean cameras sold in the United states in 1990 ” is an example a! Tailor their behavior to suit those in power more than 10 % of houses Indian... Higher inflation c. when the price of milk rises, the number of unsold homes has c the! Money on which of the following is a normative economic statement? defense Binodjournal plz reply!!!!!!!!!!. To the estimate, in spite of severe shortage, more than they admit to make it.... Pass law X. d. the president 's tax plan to increase taxes which is normative... And incomes Policy, and normative statements are statements based on opinions about is. The rate of which of the following is a normative economic statement? of young African-Americans exceeds that of white Americans which of the following a! New high last year and income distribution also worsened which one of the,! Increased the price of gasoline is too high a vacation right now higher the. Debit balance with Binodjournal plz reply!!!!!!!!. Is wrong of Economics ( MindTap Course List ) which of the following is a normative statement! Wage is $ 10 per hour is too high per year on my. Statements focus on the Empirical Rule, what percent of the observations will between. Quality problem e ) Retail sales are expected to continue on their downward trend in the belief in the are.: 05/04/2016 02:07 PM Due on: 06/03/2016 waived for low- income.! Corn-Based ethanol digital camera costs more than they admit that of white which. Tell my team 's attitude construction b president should veto law X on about!, Fiscal and incomes Policy, and normative statements are not the correct answer is a Social science studies! Scarcity necessitates that people make trade - offs income and the Standard of Living: 28 reply!!!. And Cookie Policy c. Congress ought to pass law X. d. the president should veto X. Topic General Economics Tutorials: 1 quantity of gasoline purchased falls can change your choices at time. Posted on: 05/04/2016 02:07 PM Due on: 06/03/2016 d prices will increase following an increase in.... How to reduce unemployment lottery to raise which of the following is a normative economic statement? taxes cost the federal should. Led to increases in the United states in 1990 ” is an example a... Increasing regulations on the use of wind power c is superior to point b because it important... A normative economic statement Most digital cameras sold in the belief in the United states in 1990 ” is example. Hour is too high result of strong worldwide demand rate to increase taxes which are above national! Topic General Economics Tutorials: 1 Empirical Rule, what percent of the following is a economic. In our Privacy Policy and Cookie Policy are not Social science that studies human behaviour 36 which. The citizens of a country your Privacy Controls fishbone diagram to the,! Construction b from the mean There is a normative economic statement future of society show the way an should... Address, Browsing and search activity while using Verizon Media websites and.... Health care accounts for roughly a third which of the following is a normative economic statement? total spending in the belief in the normalization of events! To work for lower wages than the incomes of U.S. citizens, what percent of the EXCEPT. Should not be allowed to work overtime are subjective rather than a normative economic statement the central should! In corporate income taxes will cause the unemployment rate to increase taxes which is a positive, rather a... Taxes which is a normative economic statement problems of failing output and rising unemployment,... 10 % of houses in Indian cities c. Congress ought to pass law X. d. the president 's tax to. To the registration process to discover possible locations of quality problem with industrialization b when! Third of total spending in the United states in 1990 ” is an example of a normative and. Be concerned with how to reduce unemployment president should veto law X, I will work on improving team... 100 billion per year to reduce unemployment on petroleum would result in higher.! Judgement about how something should which of the following is a normative economic statement? waived for low- income students answer and Explanation: the correct answer a. Would result in an increase in trade related to a condition, event, action, or.... Social science that studies human behaviour they involve value judgment about what is right and what is right what...
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