What does a normative statement describe? A. how the world will be in the future B. how the world ought to be C. how the world is D. how the world was in the past
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A:
Q: QUESTION 2 Suppose that an economy's production function is y-ALO.5g0.3y0.7, where Y is output, A is...
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A: Answer is given below
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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
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A:
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Q: 1. Define microeconomics and macroeconomics.
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...
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Q: 6
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Q: . Consumer's surplus left with the consumer under price discrimination is
A: To find: Consumer's surplus left with the consumer under price discrimination is
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A: * ANSWER :- (1) From the given information the answer is given as follows
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A: The correct answer is given in the second step .
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A: Answer-
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Q: QUESTION 1 From one year to the next, a country's output rose from 4,000 to 5,000, its capital stock...
A: * SOLUTION :- (1)
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A: To find: With which of the theories of wages, is the name of John Stuart Mill associated?
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A: ANSWER
What does a normative statement describe?
- A. how the world will be in the future
- B. how the world ought to be
- C. how the world is
- D. how the world was in the past
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- It's a positive or normative statement? explain?Normative statements are concerned primarily with a. what is. b. facts and theories. c. what ought to be. d. rational choice involving costs and benefits.Normative economics is: a. An investigation or statement about the norms and culture of other countries. b. An investigation or statement that attempts to describe how the world should be or ought to be. c. An investigation or statement about the positive benefits of a given country.
- A. INDICATE WHICH OF THE FOLLOWING IS A POSITIVE OR NORMATIVE STATEMENT I. "Earnings increase with education because education raises a worker's productivity."II. The taxes imposed on gasoline in Barbados is excessive and inequitableto motorists.III. A decrease in income will result in a fall in the demand for motorcycles.IV. Rising flour prices will increase the price of bread.V. The government is more concerned with inflation than unemployment.VI. People are worried about the effects of joining the CSME.Which of the following statements is normative? a. Printing too much money causes inflation b. Gas prices should be fair c. The employment rate should be lower d. People work harder if the wage is higherI need to find a normative statement on an economic issue from a politician or political action committee and explain why it is normative and not positive. Can you help me find this?
- 18. Which of the following is a normative statement? a. Taking extra vitamin C prevents catching a cold. b. An increase in tax rates means people work fewer hours. c. Studying more hours leads to an increase in your GPA. d. States should require all motorcycle riders to wear helmets to reduce the number of accidentsWrite a positive statement and a normative statement about your favorite hobby.Find one positive or one normative statement. Explain how you know they are either a positive or normative statement.
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