d. Society ought to require welfare recipients to look for jobs. A) The deduction for state taxes cost the federal government $100 billion per year. which of the following are characteristics of an effectively-worded strategic vision statement. 97) Which of the following is a normative economic statement? which of the following is a true statement. B. which of the following is an example of a positive economic statement? The central bank should increase the nation's money supply. A) A decrease in price leads to an increase in quantity consumed. d. All of the above are normative statements. Positive statements are more descriptive using facts to make statements. Here are some examples of normative statements in economics: 1. Which of the following is an example of a normative, as opposed to positive, statement? Economists assume people are motivated by. Which of the following is a positive, rather than a normative, statement? Which of the following is a normative statement? B) A, b, and c are positive statements and d is a normative statement. Positive economic statements do not have to be correct, but they must be able to be tested and proved or disproved. 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 a normative statement? B. (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. Which of the following is a normative statement? Explain. c. Ford Motor Company's new advertising campaign ended up hurting General Motors' sales. B. A. Thus, option “a” is correct. These are objective statements. Classify each of the following statements as positive or normative. b. Normative economics expresses ideological judgments and ideal states related to a condition, event, action, or behavior. teenage unemployment is too high. A decrease in the price of digital cameras will decrease the demand for camera film. Normative statements are statements based on opinions about what should happen. d. unemployment will rise. Easy examples includes statements such as "inequality … The increase in the nation's money supply helped push the nation's unemployment rate down in the short run. For this to be helpful we need to say something about normative claims. Economists tend to stay away from normative statements. Society faces a short-run trade-off between inflation and unemployment. B) To achieve efficiency, governments should prevent monopoly in markets. C) Twenty-two states use a lottery to raise state taxes. 36) Which of the following is a normative statement? Law X is a good piece of legislation. What is one thing that economists generally agree on? C. Candy bars are more expensive than newspapers. A. a. A) When interest rates rise, the quantity of loanable funds demanded for new mortgages will decline. B) Incomes grow more rapidly in high-tax states than low-tax states. Which of the following statements has been drawn by inductive method? Popcorn and soda are sold in movie theaters. Which of the following is a normative statement? D) Congress is considering the president's tax plan to increase taxes which is a fair plan. They can be tested or proven. This preview shows page 3 - 4 out of 4 pages. Normative state… what does the normative approach ask regarding the lifespan? a. D) People will buy less butter at $1.50 per pound than they will at $1 per pound. b. Which of the following is a normative statement? D) When governments increase income tax rates, people work less. d. An increase in minimum wages will increase unemployment. University tuition rates are rising. Question 5 Which of the following statements is normative? Gasoline prices ought to be lower than they are now. b. Quiz: Self-Test Quiz - Chapter 2. angel.bfwpub.com/Section/Content/default.asp?WCI=pgTool_Quiz_Preview&WCU=CRSCNT&key=1&ENTRY_ID=fb4a8c4526db4529a6adcfdd577775fa&LOR… The United States imports most of its cameras from Asia. Normative statements express value-based judgement on how a situation should be . Economists assume people behave. 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. In the instance aboce, it is the author's opinion that in developed society income inequality should be minimised. What is one thing that economists generally agree on? Question 5 Which of the following statements is normative? To say that workers have right to a certain part of total income entails a value judgement. a. 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. Personal income taxes should be higher. which of the following is an example of a normative, as opposed to positive, statement? We ought to do more to help the poor. D)The taxes on cigarette and alcohol should be increased. In both countries, the opportunity costs of producing cloth and baskets are the same. c. Congress ought to pass law X. d. The president should veto law X. Which of the following statements is a positive economic statement? 15. a. Difference between positive economics and normative economics . A)An output gap can be either expansionary or contractionary. Lower taxes would result in lower tax revenues for the government. Which of the following is a normative statement? Descriptive versus Normative Claims. Lower taxes would result in lower revenues. 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