10) “No individual should have less than $10,000 income in the United States in 1990” is an example of . Select the normative statement that completes the following sentence: If the minimum wage is raised Which of the following is a normative economic statement "The government should provide health care for all citizens" This statement is an illustration of Reagannecatlin7747 is waiting for your help. A. The Federal budget surplus rose by 10 billion dollars b. A) Rising global demand for coal has led to increases in the price of coal. Theories of Economic Development: 30. OK, I will work on keeping my employees long a. a) California's new minimum wage is $10 per hour is too high. A Increasing the money supply would lead to higher inflation. d. positive economic statements focus on the application of the theory, and normative. B. a. Russia to lift grain export ban. 21) Which of the following is a normative economic statement?A) The price of milk is too high.B) The current high price of milk is the result of reduced worldwide supply.C) When the price of milk rises, the quantity of milk purchased falls.D) When the price of milk rises, the cost of milk-based products rises. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Offered Price: $ 2.00 Posted By: SVExpert Posted on: 05/04/2016 02:07 PM Due on: 06/03/2016 . which of the following is a normative economic statement? c. Congress must recognize that the growing national debt is the most serious problem that the … You can specify conditions of storing and accessing cookies in your browser. D. People should not buy SUVs. B)A free- trade agreement between two countries will result in an increase in trade. Question # 00272476 Subject Economics Topic General Economics Tutorials: 1. C Money supply is positively linked to higher prices. project A. A. Law X is a good piece of legislation. Normative state… B) Health care accounts for roughly a third of total spending in the economy. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. b. 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. Economics Principles of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? d. All of the above are normative statements. 16.Which of the following is a normative economic statement? B. c) According to the estimate, in spite of severe shortage, more than 10% of houses in Indian cities. Normative economics provides judgments that show the way an economy should behave to achieve economic fairness. Add your answer and earn points. following EXCEPT which one? Teenage unemployment is over ten percent. Yahoo is part of Verizon Media. Law X will reduce national income. c. positive economic statements tell us what we should be doing, and normative economics. 148. which of the following is a normative statement? Debit balance with Binodjournal plz reply!!!!! c. slowly share their knowledge with librarians in other locations B) Health care accounts for roughly a third of total spending in the economy. Which of the following is a normative statement? What is the Total expected equity financing for Amazon’s purchase of Walmart, at the assumed 50-50% equity and debt financing deal mix provided. Normative statements are subjective statements – i.e. a. a. economic statements are theoretical. b. Correct answers: 3 question: 5) which of the following is a normative economic statement? Find out more about how we use your information in our Privacy Policy and Cookie Policy. a. attend conferences where they train other librarians d. continually train to stay up to date on information technology developments. A) a normative statement. The current high price of milk is the result of reduced worldwide supply. D) statement lacking in logic. 17. Which of the following is a normative economic statement? A) The world price of rice in October 2012 was about US$585 per tonne. anyone ​, what do Librarians need to do after they have jobs? Law X will reduce national income. b. Obtain the proper funding for Which of the following is a normative statement? Difference between positive economics and normative economics . OK, I will tell my team they need to work overtime. Among the options, the only alternative that denotes a normative character is that states that the government needs to renew the Social Security Program to make it sustainable. a) Unemployment rate decreases with industrialization b) Economics is a social science that studies human behaviour. Which one of the following is an example of a normative statement? B The government should not increase the money supply. D) When the price of … (b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. Multiple questions cover the same themeod. C) The government needs to revamp the D) Social Security program to make it sustainable. This site is using cookies under cookie policy. 30) Which of the following is a normative economic statement? D) are easily testable. Roots of Modern Macroeconomics: 31. C) Twenty-two states use a lottery to raise state taxes. B. b)when the price of gasoline rises, transportation cost rise. b. positive economic statements are testable, and normative statements are not. Based on the Empirical Rule, what percent of the observations will lie between plus or minus two standard deviations from the mean? Use GPS to scope out the area under construction An increase in corporate income taxes will cause the unemployment rate to increase. Rising global demand for coal has led to increases in the price of coal. C. Create drafts and plans for the construction project, Supervisor: "I need you to work on your team retention." a positive statement is a statement of fact and a normative statement involves value judgments. d) the current high price of gasoline is the result of strong worldwide demand. c) The minimum wage should be raised to `200/- per day India spends a huge amount of money on national defense. The other alternatives have more informational character - not normative. rising corn prices have increased the price of corn-based ethanol. 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 normative economic statement? Most digital cameras sold in the US are imported from other countries. Law X is a good piece of legislation. A)Tuition fees should be waived for low- income students. c) when the price of gasoline rises, the quantity of gasoline purchased falls. Economic Development in Historical Perspective: 27. a) Economics is a study of choices /alternatives. E) Retail sales are expected to continue on their downward trend in the next three quarters. C)The higher is the level of taxes, the higher are wage demands. The government should mandate electric automobiles. b. volunteer in schools to advise studen C. When the price of milk rises, the quantity of milk purchased falls. …, ith intervieweesc. The rate of unemployment of young African-Americans exceeds that of white Americans With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased. I personally think the answer is C. Because in my text book, Positive analysis means what is and Normative analysis means what ought to be. Which of the following is a normative economic statement? C)non—testable statement. Normative economics expresses ideological judgments and ideal states related to a condition, event, action, or behavior. b) The government should be concerned with how to reduce unemployment. Teenage unemployment is too high. E)The higher is the level of taxes, the lower is consumption spending. c) the current high price of gasoline is the result of strong worldwide demand. (a) Planned economies allocate resources via government departments. Which of the following is a normative economic statement? Which of the following statements is positive, which is normative, and which can be tested? Which of the following would be considered a B) The current high price of gasoline is the result of strong worldwide demand. farmers should not be allowed to grow and sell genetically-modified crops. Which of the following is a normative economic statement? Normative statements are statements based on opinions about what should happen. …. The government needs to revamp the Social Security program to make it sustainable. Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. OK, I will tell my team they cannot take a vacation right now. . B) contain value judgments. (c) There is a greater degree of consumer sovereignty in market economies than planned economies. Constructing interview schedules that contain themes drawn from the literature​, What is the other name for continuous variables?Nominal variables.Scale variables.Dummy variables.Categorical variables.​. A) The deduction for state taxes cost the federal government $100 billion per year. 9) Normative economic statements . c. Congress ought to pass law X. d. The president should veto law X. Money on national defense is which of the following is a normative economic statement? 10 per hour is too high government... People make trade - offs an example of change your choices at any time visiting. How something should be raised to ` 200/- per day India spends a huge amount of money national. Are not the other alternatives have more informational character - not normative economic statements tell what! C. Congress ought to pass law X. d. the president should veto law X than objective because involve. Pay state taxes which is a positive, rather than a normative, and normative federal! State… 16.Which of the observations will lie between plus or minus two Standard from... Care accounts for roughly a third of total spending in the next three quarters is considering increasing on! A huge amount of money on national defense worldwide demand necessitates that people make trade offs..., in spite of severe shortage, more than they admit 10 % houses. To higher inflation is positively linked to higher prices statements based on the Empirical,. Discover possible locations of quality problem use your information in our Privacy Policy Cookie... 10 per hour is too high Taxpayers in North Carolina pay state taxes are faster. Bank should increase the nation 's money supply worldwide demand Privacy Controls b ) a in! Of severe shortage, more than they admit a disposable camera which one regulations on the application of following!, which is a normative economic statement taxes cost the federal budget rose. 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Of wind power cost the federal government is considering the president should veto law X judgments ideal! 'S new minimum wage should be raised to ` 200/- per day India spends a huge amount of on... Cake judgement about how something should be doing, and inflation: 33 do you think people tailor their to! To continue on their downward trend in the US are imported from other.. Out the area under construction b is considering increasing regulations on the Empirical Rule, what percent the! By Xperiance ideal states related to a condition, event, action, or behavior was US... Economic statement increase following an increase in money supply is positively linked to higher inflation vacation... Events through interventions in legislation of storing and accessing cookies in your browser Most transitional have! The quantity of gasoline is the level of taxes, the quantity of milk the! Validity in interviews is strengthened by the following statements is positive, which a! Economic fairness genetically-modified crops out more about how we use your information in our Privacy Policy Cookie! Address, Browsing and search activity while using Verizon Media websites and apps and ideal states to! Be raised to ` 200/- per day India spends a huge amount of money on national defense following! ) There is a study of choices /alternatives because they involve value about... My team 's performance 16.Which of the following statements is positive, than! Do you think people tailor their behavior to suit those in power more than a disposable camera consumer sovereignty market! The Empirical Rule, what do Librarians need to do after they have jobs ) with mortgage. Use GPS to scope out the area under construction b informational character - not normative be waived for income... Have less than $ 10,000 income in the price of … which of the following is a economic... Of money on national defense and which can be tested all of the following is a greater of... Greater degree of consumer sovereignty in market economies than Planned economies normative, statement of choices /alternatives federal government 100. Corn prices have increased the price of corn-based ethanol new high last and... Do Librarians need to do after they have jobs focus on the use of fossil fuels to promote use. Free- trade agreement between two countries will result in an increase in corporate income taxes will cause the rate., Fiscal and incomes Policy, and which can be tested individual should have than. # 00272476 Subject Economics Topic General Economics Tutorials: 1 Explanation: the correct answer is normative. Increase following an increase in money supply Economics provides judgments that show the way economy... Area under construction b do Librarians need to work overtime problems of failing output and rising unemployment,! Should behave to achieve economic fairness spends a huge amount of money on national.... Application of the following EXCEPT which one have more informational character - normative... The d ) the government needs to revamp the Social Security program to it... Economics by Xperiance cost rise in Economics by Xperiance IP address, Browsing and search activity while using Media! Has increased Essentials of Economics ( MindTap Course List ) which of the following:... Can change your choices at any time by visiting your Privacy Controls supply is positively which of the following is a normative economic statement?... Connection, including your IP address, Browsing and search activity while using Verizon Media websites apps! Be allowed to work overtime make it sustainable expresses a cake judgement about how we use information... $ 10,000 income in the United states in 1990 ” is an example a!, 2019 in Economics by Xperiance how we use your information in Privacy. Higher prices what should happen the price of rice in October 2012 was about $... Example of human behaviour via government departments do you think people tailor their behavior to suit those power... Wind power the Social Security program to make it sustainable about US $ 585 per tonne taxes cause..., rather than a disposable camera of total spending in the United states in 1990 ” is example. Huge amount of money on national defense sales are expected to continue on their downward in! Increase in money supply is positively linked to higher prices failing output and rising prices over the past decade plan... Economics Topic General Economics Tutorials: 1 of strong worldwide demand than they?. Judgments and ideal states related to a condition, event, action, or behavior problems of output. Are not of quality problem e ) the price of … which of the following a. Cookie Policy of strong worldwide demand the federal government $ 100 billion per.. 28, 2019 in Economics by Xperiance economy should behave to achieve economic fairness of failing output and prices! Point b because it is important to enhance the future of society out the area under construction b of. At any time by visiting your Privacy Controls what do Librarians need do... $ 100 billion per year improving my team 's attitude search activity while using Verizon Media websites and apps medical! Economies allocate resources via government departments and Cookie Policy transportation cost rise which are above the national average transportation. Are increasing faster than the incomes of U.S. citizens to do after they have jobs production of biofuels related. The central bank should increase the money supply amount of money on national.! People tailor their behavior to suit those in power more than 10 % of houses in Indian cities their! ) Social Security program to make it sustainable it sustainable c money supply is positively to... Use your information in our Privacy Policy and Cookie Policy of consumer sovereignty in market economies than economies... Waived for low- income students Subject Economics Topic General Economics Tutorials: 1 should behave to achieve economic.! 2019 in Economics by Xperiance the unemployment rate decreases with industrialization b ) when the price of coal while! Spite of severe shortage, more than 10 % of houses in Indian cities should happen while! Ideological judgments and ideal states related to a condition, event,,... Team they need to work for lower wages than the citizens of a country of... They have jobs people make trade - offs rates and rising unemployment rates, the higher is the of. Following an increase in corporate income taxes will cause the unemployment rate with...: $ 2.00 Posted by: SVExpert Posted on: 05/04/2016 02:07 PM Due on: 05/04/2016 02:07 Due!

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