Which of the following is a normative statement? a. The interest rate cut will lower unemployment. b. The War in Iraq has hurt the economy. c. Unemployment is increasing. d. Bush
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- Which of the following is a normative economic statement? a. The national unemployment rate in January of this year was 5.5%. b. The government should commit to reducing income inequality. c. The inflation rate next year will be less than 3%. d. A reduction in the government deficit by 1% will make interest rates decrease 1%.Classify each of the following statements as positive or normative. Explain.a. Society faces a short-run trade-off between inflation and unemployment.b. A reduction in the rate of money growth will reduce the rate of inflation.c. The Federal Reserve should reduce the rate of money growth.d. Society ought to require welfare recipients to look for jobs.e. Lower tax rates encourage more work and more saving##Ecinomics please Classify each of the following statements as positive or normative. Explain.a. Society faces a short-run trade-off between inflation and unemployment.b. A reduction in the rate of money growth will reduce the rate of inflation.c. The Federal Reserve should reduce the rate of money growth.d. Society ought to require welfare recipients to look for jobs.e. Lower tax rates encourage more work and more saving.?
- Which of the following statements are positive, and which are normative? a. The minimum wage creates unemployment among young and unskilled workers. b. The minimum wage ought to be abolished.Explain the difference between positive and normative economics Consider the following two statements. In each case, explain briefly your answer: a. A 5 percent fall in the unemployment rate will lead to a 2 percent increase in the inflation rate" b. "Pollution in developing countries is one of the biggest global environmental problems" Which of the these statements is an example of "positive" economics Which of these statements in an example of :normative "economics18. 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 accidents
- 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 is an example of a normative statement? A. An increase in the minimum wage will increase unemployment. B. Spending $300 billion on road construction will increase economic growth by 0.2%. C. The best tax rate is 10%. D. All the aboveWhich 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 higher
- Is the following positive statements or normative statements? I. "Earnings increase with education because education raises a worker's productivity." II. The taxes imposed on gasoline in Barbados is excessive and inequitable to 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 OASWhich of the following is a normative economic statement? a. If we doubled the size of welfare payments, we would reduce the number of homeless persons. b. Companies should be concerned with more than just their profits. c. An increase in spending on airport security will reduce the number of hijackings. d. If social security were to be privatized, workers would earn a higher rate of return on their retirement contributionsIs the following positive statements or normative statements? i. Rising flour prices will increase the price of bread. ii. The government is more concerned with inflation than unemployment. iii. People are worried about the effects of joining the OAS.