Which of the following is a normative statement? Group of answer choices An increase in taxes will cause higher unemployment in an economy. An increase in tariffs in a country will increase the prices paid by domestic consumers. Income should be redistributed from the top 2 percent of wage earners to the low-income group. Income should be redistributed from the top 2 percent of wage earners to the low-income group.
Which of the following is a normative statement? Group of answer choices An increase in taxes will cause higher unemployment in an economy. An increase in tariffs in a country will increase the prices paid by domestic consumers. Income should be redistributed from the top 2 percent of wage earners to the low-income group. Income should be redistributed from the top 2 percent of wage earners to the low-income group.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which of the following is a normative statement?
Group of answer choices
An increase in taxes will cause higher
An increase in tariffs in a country will increase the prices paid by domestic consumers.
Income should be redistributed from the top 2 percent of wage earners to the low-income group.
Income should be redistributed from the top 2 percent of wage earners to the low-income group.
National debt imposes a burden on both current and future generations...
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