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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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