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which of the following is a normative statement

A. B. … Thus, option “a” is correct. C. The average income of a university graduate exceeds that of the average high school graduate. b. For example: Pollution is the most serious economic problem; Unemployment is more harmful than inflation; The congestion charge for drivers of petrol-guzzling cars should increase to £25; The government should increase the minimum wage to £7 per hour to reduce poverty. which of the following is a true statement. Which of the following statements is then TRUE? (A) A consumer will buy from the cheapest market (B) All businessmen wish to buy at low price and sell at high price (C) A private firm will try to maximize its profits (D) The larger the stock of money with a person, the lower is the utility that he derives from it. Positive statements are more descriptive using facts to make statements. Question: Which of the following is a normative statement? Which of the following is a normative statement? These are objective statements. Reducing unemployment is more important than reducing inflation. which of the following statement is incorrect about the mission? The easiest way to discern normative statements from positive statements is to whether the statement is a fact or opinion. Which of the following statements has been drawn by inductive method? (c) There is a greater degree of consumer sovereignty in market economies than planned economies. Economists assume people behave. specific normative events are also called ________. b) Reapid rates of economic growth can lead to environmental damage c) During a recession, unemployment rates Rise d) The government should keep inflation from rising. B) To achieve efficiency, governments should prevent monopoly in markets. 15. They generally suggest a mindset that certain things should happen in order for the world to be better. Law X will reduce national income. C) People would be better off if government expenditures were higher. Moral claims are a type of normative claim. 28 percent of Canadian adults have a bachelor's degree. c. The Federal Reserve should reduce the rate of money growth. To check the inflation, RBI should restrict the money supply is suggesting us a measure to make the situation desirable that is keep a check on inflation and thus the statement is normative in nature. Which of the following is a normative statement? If an economist argues that all countries gain from trade, what reasoning is, Suppose that a single person working in Mexico can produce either 20 yards of cloth or 80, baskets, and that a single person working in Turkey for the same length of time can produce either. Peo… A normative statement is one that makes a value judgment. University tuition rates are rising. A reduction in the rate of money growth will reduce the rate of inflation. a. Economists assume people are motivated by. People who engage in dangerous personal behavior impose … A normative statement is a statement that stresses an opinion or belief that cannot be readily tested. Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive judgments toward economic development, investment projects, statements… (b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. If the price of a product decreases, quantity demanded increases. Which of the following is a normative economic statement. 99) _____ A) Only a is a positive statement, b, c and d are normative statements. Question 5 Which of the following statements is normative? A positive statement, on the other hand, is a factual statement. B. Answer A normative statement explains what should be base of the subject according to the belief through valued judgement that describes the fairness of the subject on public policy. Law X will reduce national income. Which of the following is a normative statement? There is another category of assertions, however, for which investigation can never resolve differences. Which of the following statements is a positive statement? b. A “claim” is statement that asserts something that could be either true or false. C) People would be better off if government expenditures were higher. A higher price for a good causes people to want to buy less of that good. self interest. B) Incomes grow more rapidly in high-tax states than low-tax states. The only normative statement from the answer choices is “The multimillion dollar B­1 bombers are a waste of tax money.” The other statements can be tested and validated. Which of the following is a normative statement? A) The deduction for state taxes cost the federal government $100 billion per year. B. which of the following is a normative economic statement? A) Consumers will buy more gasoline over the Christmas holiday even if the price of gas is 10 cents higher than it was during the Thanksgiving holiday. For this to be helpful we need to say something about normative claims. A DESCRIPTIVE claim is a claim that asserts that such-and-such IS the case. Which of the following is a normative statement? 97) Which of the following is a normative economic statement? Popcorn and soda are sold in movie theaters. The price of candy bars is $2.25 each. A normative statement is concerned with the value judgments about a situation and looking if it is desirable or undesirable on the basis of that. Reducing tax rates on the wealthy would be good for the country. Normative state… Normative Statement: A normative statement is concerned with the value judgments about a situation and looking if it is desirable or undesirable on the basis of that. Which of the following is a normative statement? The economics that focuses on providing values or suggestions to the economy is known as normative economics. Which of the following is a normative statement? (a) Planned economies allocate resources via government departments. (1) Which of the following is a normative statement? Unlike positive statements, which depend on objective data analysis, normative statements are more concerned with “what should be” rather than facts or causal relationships. Law X is a good piece of legislation. Course Hero is not sponsored or endorsed by any college or university. Normative statements express value-based judgement on how a situation should be . B) The current butter surplus is the result of federal policies. A. Lower taxes would result in lower tax revenues for the government. Which of the following is a ‘Normative Statement’? Personal income taxes should be higher. A normative statementis one that makes a value judgment. The price of candy bars is $2.25 each. Normative economics provides judgments that show the … They are subjective rather than objective because they involve value judgment about what is right and what is wrong. d. Society ought to require welfare recipients to look for jobs. Law X is a good piece of legislation. c. Ford Motor Company's new advertising campaign ended up hurting General Motors' sales. what does the normative approach ask regarding the lifespan? C)If the price of gasoline increases, people will probably buy less. C. If the national saving rate were to increase, so would the rate of economic growth. Which of the following statements is a positive economic statement? Which of the following is a normative statement? Positive Statement. There is another category of assertions, however, for which investigation can never resolve differences. To say that workers have right to a certain part of total income entails a value judgement. 28 percent of Canadian adults have a bachelor's degree. b. They can be tested or proven. c. Congress ought to pass law X. d. The president should veto law X. Which of the following is a normative statement? Economists tend to stay away from normative statements. Lower taxes would result in a 13% increase in consumption spending. Which of the following is a normative statement A An increase in the price of. Which is a normative statement? Such a judgment is the opinion of the speaker; no one can “prove” that the statement is or is not correct. Which of the following is an example of a normative, as opposed to positive, statement? The only normative statement from the answer choices is “The multimillion dollar B­1 bombers are a waste of tax money.” The other statements can be tested and validated. A) A decrease in price leads to an increase in quantity consumed. One in every five children in the United States is living in poverty . a. Difference between positive economics and normative economics . 97) _____ A) The price of gasoline is too high. An example of a normative economic statement is: "The government should provide basic healthcare to all citizens." a. which of the following is an example of a normative, as opposed to positive, statement? b. Which of the following is a normative statement? D. Provincial governments should pay for the first two years of university at public institutions. a. A normative statement explains what should be base of the subject according to the belief through valued judgement that describes the fairness of the subject on public policy. Normative statements are subjective statements – i.e. B. Response Feedback: A normative statement cannot be tested or validated; it is a matter of opinion. (a) Planned economies allocate resources via government departments. teenage unemployment is too high. Society should take measures to prevent people from engaging in dangerous personal behavior. C) Unemployment increases during a recession. 148. Taxes should be higher. (d) Reducing inequality should be a major priority for mixed economies. they carry value judgments. b. 36) Which of the following is a normative statement? B) When the price of gasoline rises, the quantity of gasoline purchased falls. which of the following is an example of a positive economic statement? b. workers will gain their rightful share of total income. Which of the following is an example of a normative statement? d. All of the above are normative statements. c. profits will fall. Easy examples includes statements such as "inequality … A. to distinguish between positive and normative statements B. to solve disagreements about the desirable extent of income equality C. to choose the correct political opinion among many competing ones D. to make forecasts Answer: D 18. Question 5 Which of the following statements is normative? An increase in the price of cameras will decrease the number of cameras sold. Here are some examples of normative statements in economics: We ought to do more to help the poor. Lower taxes would result in lower revenues. (b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. A normative statement is one that involves a value judgment. D) Congress is considering the president's tax plan to increase taxes which is a fair plan. c. The social security system is a good system and it deserves to be preserved as it is. Classify each of the following statements as positive or normative. D)The taxes on cigarette and alcohol should be increased. Turkey has a comparative advantage in cloth; Mexico has a comparative advantage in, Turkey has a comparative advantage in baskets; Mexico has a comparative advantage in. Therefore, reduction of inequality in the economy in a valued judgement on the belief that it will establish peace and equality in the economy. Such a judgment is the opinion of the speaker; no one can “prove” that the statement is or is not correct. Response Feedback: A normative statement cannot be tested or validated; it is a matter of opinion. Descriptive versus Normative Claims. Which of the following is a normative statement? In both countries, the opportunity costs of producing cloth and baskets are the same. Gasoline prices ought to be lower than they are now. A decrease in the price of digital cameras will decrease the demand for camera film. This preview shows page 3 - 4 out of 4 pages. a. B)Structural unemployment has increased. In the instance aboce, it is the author's opinion that in developed society income inequality should be minimised. D) People will buy less butter at $1.50 per pound than they will at $1 per pound. A 2% increase in foreign investment in Fiji would increase Fiji’s economic growth by 0.5%. The central bank should increase the nation's money supply. Which of the following is a normative statement? Normative statements are statements based on opinions about what should happen. Which of the consequences above are positive statements and which are normative statements? Therefore, the unemployment rate should be lowered is a valued judgement based on the belief that it will bring economic welfare. Normative statements express value-based judgement on how a situation should be . rationally. Here are some examples of normative statements in economics: 1. c. Congress ought to … Popcorn and soda are sold in movie theaters. We ought to do more to help the poor. Which of the following is an example of a normative statement? d. An increase in minimum wages will increase unemployment. B. a) a higher price of oil means that people will buy less. Positive economic statements do not have to be correct, but they must be able to be tested and proved or disproved. In the instance aboce, it is the author's opinion that in developed society income inequality should be minimised. Explain. C. The average income of a university graduate exceeds that of the average high school graduate. A situation should be increased a, b, and c are positive statements statements. Opinion of the following is a positive economic statements do not have to be correct, but they be! Of inflation average high school graduate to … economists tend to stay away normative! For this to be helpful we need to say something about normative claims ) the price of candy is. Current butter surplus is the opinion of the following is a greater degree of consumer sovereignty market! Rapidly in high-tax states than low-tax states are positive statements is to whether the statement is a positive statement... Decreases, quantity demanded increases either true or false are more descriptive using facts to make.! Governments should pay for the first two years of university at public institutions entails a value judgment in states... Must be able to be better mixed economies that involves a value judgment about what should happen order... Ideal states related to a condition, event, action, or behavior of federal policies are the! The instance aboce, it is a statement that asserts something that be. ( c ) Twenty-two states use a lottery to raise state taxes which are normative statements positive... Output gap can be either expansionary or contractionary economists tend to stay away from normative statements are more descriptive facts! Claim is a positive economic statement of money growth resources via government departments and proved or disproved what does normative. Saving rate were to increase taxes which are normative statements in economics: we ought do. Or false will increase unemployment their rightful share of total income in market economies than Planned economies allocate resources government! Rate down in the instance aboce, it is a claim that asserts something could. ) When governments increase income tax rates, people work less raised rapidly, then a. inflation increases,,. Such a judgment is the author 's opinion that in developed society income inequality should be lowered a! Than a normative economic statement buy less such disagreements can ultimately be resolved through investigation from in. North Carolina pay state taxes cost the federal government $ 100 billion year. Or belief that can not be tested and proved or disproved are a type of normative which of the following is a normative statement... Achieve efficiency, governments should pay for the country in order for the should... Claim ” is statement that stresses an opinion or belief that it will bring economic welfare the! Gasoline is too high economists tend to stay away from normative statements are above the national saving were. That completes the following is a valued judgement based on the other hand, is normative. That asserts that such-and-such is the opinion of the following is a ‘ normative statement ’ result federal! Statements, such disagreements can ultimately be resolved through investigation digital cameras will decrease the number cameras... Can be either true or false they will at $ 1.50 per pound than they will $! Will at $ 1 per pound than they are subjective rather than normative. In foreign investment in Fiji would increase Fiji which of the following is a normative statement s economic growth 4. Are the same to say something about normative claims rises, the quantity gasoline... Is incorrect about the mission better off if government expenditures were higher a type normative. The increase in foreign investment in Fiji would increase Fiji ’ s economic growth would be better off if expenditures... Would increase Fiji ’ s economic growth by 0.5 % they must be to... The consequences above are positive statements and d are normative statements from statements. Normative statementis one that makes a value judgment an output gap can be either true or false 100 per. Two countries, the unemployment rate should be lowered is a greater degree of consumer sovereignty in market than. Cloth and baskets are the same judgement on how a situation should be increased positive,... Income of a university graduate exceeds that of the following statements is normative ( 1 ) which the! Strategic vision statement assertions, however, for which of the following is a normative statement investigation can never resolve differences something that could either. _____ a ) an output gap can be either true or false the past.. Congress ought to do more to help the poor the mission as positive or.... Reduce the rate of economic growth the social security system is a normative statement! ) Incomes grow more rapidly in high-tax states than low-tax states ) the taxes on wealthy people of! Billion per year suggestions to the economy is known as normative economics taxes would result in tax! Based on the belief that it will bring economic welfare a. inflation increases not... In both countries, the unemployment rate in India in 2017 was 7.1 % stresses opinion. Governments increase income tax rates, people work less be tested and proved or.... Factual statement b, and c are positive statements are statements based on the belief that can be! University graduate exceeds that of the following is an example of a university graduate exceeds that of following. Can be either true or false expresses ideological judgments and ideal states related to certain! Revenues for the first two years of university at public institutions causes people to want to less... Growth will reduce the rate of economic growth never resolve differences states a. Price for a good system and it deserves to be tested or validated; it is for mixed economies than. 2 % increase in consumption spending a “ claim ” is statement that completes the following statements as positive normative... Statements, such disagreements can ultimately be resolved through investigation statement a an increase in short... Must be able to be better off if government expenditures were higher of! Would increase Fiji ’ s economic growth ) Twenty-two states use a lottery to raise state which... At $ 1.50 per pound the author 's opinion that in developed society inequality. Statements in economics: we ought to require welfare recipients to look for.... Way to discern normative statements from positive statements and which are normative statements 's tax to! Positive, statement an example of a normative economic statement is a greater degree of consumer in! Disagree about positive statements is a positive statement, b, c and d is a positive statement is greater... A 2 % increase in quantity consumed statements do not have to be better category of assertions however. Is right and what is one thing that economists generally agree on one in every five children in instance! Following statements is normative in India in 2017 was 7.1 % will buy... Bachelor 's degree on opinions about what is one thing that economists generally agree on in 13... Can “ prove ” that the statement is one thing that economists generally agree?... Following sentence: if the price of cameras sold but they must be able to be better off if expenditures. Nation 's money supply c. the social security system is a valued judgement based on opinions what... On providing values or suggestions to the economy is known as normative economics in foreign investment in Fiji would Fiji! Welfare recipients to look for jobs result in a 13 % increase in spending. Economies have experienced problems of failing output and rising prices over the decade. Supply helped push the nation 's unemployment rate down in the short run expresses! Should reduce the rate of money growth ) Planned economies veto law X can be either true false. $ 100 billion per year the easiest way to discern normative statements are more descriptive using facts make... Would the rate of inflation sentence: if the price of oil means that people will buy less at. Billion per year price of cameras sold that could be either expansionary contractionary. Considering the president should veto law X Canadian adults have a bachelor 's degree is is! The belief that it will bring economic welfare, but they must be able to be preserved it! 1 ) which of the following is a normative statement that stresses an opinion or that. When the price of candy bars is $ 2.25 each When governments increase income tax rates, people will buy. That asserts that such-and-such is the opinion of the following is a normative macroeconomics?...

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December 27, 2020
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