Which of the following is an example of a normative statement? Select one: a. None of the answers are correct O b. An increase in the price of tea will decrease the amount of tea purchased. However, it will increase the amount of coffee purchased. Oc. Reducing taxes have positive impact on the economic growth O d. The minimum wage led to increase unemployment and unskilled workers O e. the inflation has increased in India by 50% in the past three years
Which of the following is an example of a normative statement? Select one: a. None of the answers are correct O b. An increase in the price of tea will decrease the amount of tea purchased. However, it will increase the amount of coffee purchased. Oc. Reducing taxes have positive impact on the economic growth O d. The minimum wage led to increase unemployment and unskilled workers O e. the inflation has increased in India by 50% in the past three years
Chapter1: The Role And Method Of Economics
Section: Chapter Questions
Problem 8P
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Question
![Which of the following is an example of a normative statement?
Select one:
O a. None of the answers are correct
Ob. An increase in the price of tea will decrease the amount of tea purchased. However, it will increase the amount of
coffee purchased.
c. Reducing taxes have positive impact on the economic growth
O d. The minimum wage led to increase unemployment and unskilled workers
O e. the inflation has increased in India by 50% in the past three years
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Transcribed Image Text:Which of the following is an example of a normative statement?
Select one:
O a. None of the answers are correct
Ob. An increase in the price of tea will decrease the amount of tea purchased. However, it will increase the amount of
coffee purchased.
c. Reducing taxes have positive impact on the economic growth
O d. The minimum wage led to increase unemployment and unskilled workers
O e. the inflation has increased in India by 50% in the past three years
Next page
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