Which of the following is a normative economic statement? O Rising global demand for coal has led to increases in the price of coal. O With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased. O The state of Texas is considering increasing funds for light-rail development to promote the use of public transportation. ○ Pharmaceutical manufacturers should not be allowed to patent their products so prescription drugs would be more affordable.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter1: The Role And Method Of Economics
Section: Chapter Questions
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Which of the following is a normative economic statement?
O Rising global demand for coal has led to increases in the price of coal.
O With rising mortgage rates and rising unemployment rates, the number of unsold homes has
increased.
O The state of Texas is considering increasing funds for light-rail development to promote the use of
public transportation.
○ Pharmaceutical manufacturers should not be allowed to patent their products so prescription drugs
would be more affordable.
Transcribed Image Text:Which of the following is a normative economic statement? O Rising global demand for coal has led to increases in the price of coal. O With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased. O The state of Texas is considering increasing funds for light-rail development to promote the use of public transportation. ○ Pharmaceutical manufacturers should not be allowed to patent their products so prescription drugs would be more affordable.
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