Which of the following is a nomative statement? O When the price of gasoline falls, profits for the major oil companies will also fal O An increase in the minimum wage is needed to help lower income families to improve their standard of Iiving O Higher tuition and fees will reduce enroliment at the University of Alabama. O An increase in Tuscaloosa's sales tax will drive consumers to shop more online at websites like Amazon.com that do not charge sales taxes

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Which of the following is a nomative statement?
O When the price of gasoline falls, profits for the major oil companies will also fall.
An increase in the minimum wage is needed to heolp lower income families to improve their standard of Iiving
O Higher tuition and fees will reduce enrollment at the University of Alabama.
O An increase in Tuscaloosa's sales tax will drive consumers to shop more online at websites like Amazon.com that do not charge salos taxes
Transcribed Image Text:Which of the following is a nomative statement? O When the price of gasoline falls, profits for the major oil companies will also fall. An increase in the minimum wage is needed to heolp lower income families to improve their standard of Iiving O Higher tuition and fees will reduce enrollment at the University of Alabama. O An increase in Tuscaloosa's sales tax will drive consumers to shop more online at websites like Amazon.com that do not charge salos taxes
In the circular flow model, goods and services flow from
to
through the
O households, firms, goods markets
O households, firms, factor markets
O firms, households, goods markets
O firms, households, factor markets
Transcribed Image Text:In the circular flow model, goods and services flow from to through the O households, firms, goods markets O households, firms, factor markets O firms, households, goods markets O firms, households, factor markets
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