The President's wife should not run as a candidate to succeed her husband." This is an example of: Response option group a) Normative statement. b) Economic fact. c) Economic principle. d) Positive statement.
The President's wife should not run as a candidate to succeed her husband." This is an example of: Response option group a) Normative statement. b) Economic fact. c) Economic principle. d) Positive statement.
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 20SQ
Related questions
Question
"The President's wife should not run as a candidate to succeed her husband." This is an example of:
Response option group
a) Normative statement.
b) Economic fact.
c) Economic principle.
d) Positive statement.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Microeconomics: Principles & Policy
Economics
ISBN:
9781337794992
Author:
William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:
Cengage Learning