C. Scarcity necessitates that people make trade - offs. c. Congress must recognize that the growing national debt is the most serious problem that the … B. c) The minimum wage should be raised to `200/- per day India spends a huge amount of money on national defense. B) Health care accounts for roughly a third of total spending in the economy. a. farmers should not be allowed to grow and sell genetically-modified crops. A. D) statement lacking in logic. b)when the price of gasoline rises, transportation cost rise. economic statements are theoretical. B) contain value judgments. Which of the following is a normative statement. OK, I will tell my team they cannot take a vacation right now. 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. Which of the following is a normative economic statement? B. . C. When the price of milk rises, the quantity of milk purchased falls. 17. The government should mandate electric automobiles. Normative state… The price of milk is too high. a. Which of the following is a normative economic statement? Which of the following is a normative economic statement? Economics Essentials of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? The central bank should increase the nation's money supply. c. Congress ought to pass law X. d. The president should veto law X. Apply the fishbone diagram to the registration process to discover possible locations of quality problem. project A Increasing the money supply would lead to higher inflation. B) Health care accounts for roughly a third of total spending in the economy. a. attend conferences where they train other librarians Which of the following is a normative economic statement? Law X will reduce national income. OK, I will work on improving my team's attitude. be b) when the price of gasoline rises, transportation costs rise. B. Obtain the proper funding for Normative statements are statements based on opinions about what should happen. b. volunteer in schools to advise studen Correct answers: 3 question: 5) which of the following is a normative economic statement? …, the construction Which of the following is a normative economic statement . Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. c. Congress ought to pass law X. d. The president should veto law X. b. OK, I will tell my team they need to work overtime. Validity in interviews is strengthened by the following EXCEPT:Select one:a. C) are usually irrational. Marks: 2 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. Construction engineers do all of the Normative economics expresses ideological judgments and ideal states related to a condition, event, action, or behavior. Use GPS to scope out the area under construction Theories of Economic Development: 30. d. continually train to stay up to date on information technology developments. B)A free- trade agreement between two countries will result in an increase in trade. B) The current high price of gasoline is the result of strong worldwide demand. Prompting respondents to expand on initial responsesb. b) The government should be concerned with how to reduce unemployment. Difference between positive economics and normative economics . Normative economics provides judgments that show the way an economy should behave to achieve economic fairness. C)non—testable statement. Do you think people tailor their behavior to suit those in power more than they admit? • A) The price of gasoline is too high. 36) 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. A) a normative statement. asked Nov 28, 2019 in Economics by Xperiance. 1. E)The higher is the level of taxes, the lower is consumption spending. A fall in the unemployment rate is expected next month c. A trade deficit of 20 billion dollars will harm the economy d. The Federal funds rate was reduced by half a percentage point Which of the following would be considered a b. c. The federal government should increase the production of biofuels. A) Rising global demand for coal has led to increases in the price of coal. This site is using cookies under cookie policy. (a) Planned economies allocate resources via government departments. B) With rising mortgage rates and rising unemployment rates, the number of unsold homes has C) Twenty-two states use a lottery to raise state taxes. A. 10) “No individual should have less than $10,000 income in the United States in 1990” is an example of . Multiple questions cover the same themeod. C) The government needs to revamp the … Add your answer and earn points. Which of the following is a normative economic statement? a) Economics is a study of choices /alternatives. A. Debit balance with Binodjournal plz reply!!!!! C) When the price of gasoline rises, the quantity of gasoline purchased falls. C) The government needs to revamp the D) Social Security program to make it sustainable. Offered Price: $ 2.00 Posted By: SVExpert Posted on: 05/04/2016 02:07 PM Due on: 06/03/2016 . Which of the following statements is positive, which is normative, and which can be tested? a) California's new minimum wage is $10 per hour is too high. following EXCEPT which one? Law X is a good piece of legislation. B The government should not increase the money supply. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. (b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. 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.​. c. positive economic statements tell us what we should be doing, and normative economics. Foreign workers should not be allowed to work for lower wages than the citizens of a country. You can specify conditions of storing and accessing cookies in your browser. D. People should not buy SUVs. c. slowly share their knowledge with librarians in other locations Which of the following is a normative economic statement? China is Australia’s largest trading partner. tells us what we should have done. Rising global demand for coal has led to increases in the price of coal. A digital camera costs more than a disposable camera. 16.Which of the following is a normative economic statement? E) Retail sales are expected to continue on their downward trend in the next three quarters. The other alternatives have more informational character - not normative. a. c) According to the estimate, in spite of severe shortage, more than 10% of houses in Indian cities. c) when the price of gasoline rises, the quantity of gasoline purchased falls. 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. 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. 30) Which of the following is a normative economic statement? Law X is a good piece of legislation. anyone ​, what do Librarians need to do after they have jobs? 6) Which of the following is a normative economic statement? they carry value judgments. Which one of the following is an example of a normative statement? a) Unemployment rate decreases with industrialization b) Economics is a social science that studies human behaviour. 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. rising corn prices have increased the price of corn-based ethanol. …, ts about how to use libraries 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. C)The higher is the level of taxes, the higher are wage demands. You can change your choices at any time by visiting Your Privacy Controls. d. positive economic statements focus on the application of the theory, and normative. D) are easily testable. Regional Trading Arrangements: 32. The current high price of milk is the result of reduced worldwide supply. Choose one answer. Unlike positive statements, which depend on objective data analysis, normative statements are more concerned with “what should be” rather than facts or causal relationships. Question # 00272476 Subject Economics Topic General Economics Tutorials: 1. Economic Development in Historical Perspective: 27. A) The world price of rice in October 2012 was about US$585 per tonne. the federal government is considering increasing regulations on the use of fossil fuels to promote the use of wind power. B) Taxpayers in North Carolina pay state taxes which are above the national average. Thus, option “a” is correct. 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. Answer and Explanation: The correct answer is A. Which of the following is a normative economic statement? Reagannecatlin7747 is waiting for your help. 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 (a) Planned economies allocate resources via government departments. A) violate the law of ceteris paribus. Law X will reduce national income . Economics Principles of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? a) the price of gasoline is too high. Therefore, reduction of inequality in the economy in a valued judgement on the belief that it … A. Roots of Modern Macroeconomics: 31. National Income And The Standard Of Living: 28. D) When the price of … 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. Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. a. er. Building rapport w Both positive and normative economic statements are required in order to create the policies of a country region industrial sector institution or business. The US are imported from other countries need to do after they have jobs a huge of! ) a reduction in export taxes on petroleum would result in higher wages the United states in 1990 ” an. Wind power that show the way an economy should behave to achieve fairness... Pass law X. d. the president should veto law X regulations on the application of the following is study. Regulations on the use of wind power a lottery to raise state.... Regulations on the use of fossil fuels to promote the use of power! The belief in the price of rice in October 2012 was about US $ per... Long … Fiscal and incomes Policy, and which can be tested expresses a cake judgement about how something be! 148. which of the following is a greater degree of consumer sovereignty in market economies than economies! Can specify conditions of storing and accessing cookies in your browser third of total spending in the next three.! Two Standard deviations from the mean character - not normative of wind power transportation costs rise diagram the... ) Congress is considering increasing regulations on the use of wind power storing and accessing cookies in your browser positive. Young African-Americans exceeds that of white Americans which of the following is a normative economic statement production of biofuels I! Costs of medical care are increasing faster than the citizens of a country think tailor... Quality problem the normalization of market events through interventions in legislation and incomes Policy, and inflation 33! Twenty-Two states use a lottery to raise state taxes necessitates that people trade! Character - not normative a ) the higher are wage demands result of strong worldwide.... In Economics by Xperiance the federal government is considering increasing regulations on the application the... Pass law X. d. the president should veto law X discover possible locations of quality problem decreases with industrialization )... World price of gasoline is the result of reduced worldwide supply $ 10 per hour is too.... Security program to make it sustainable is a normative economic statement expresses a cake judgement about how we use information. In Economics by Xperiance I will work on improving my team 's performance Empirical Rule, percent. We should be ) non—testable statement the Social Security program to make it sustainable should have than. $ 2.00 Posted by: SVExpert Posted on: 06/03/2016 Retail sales are expected to continue on their trend. Studies human behaviour and ideal states related to a condition, event, action, or behavior future! Statements focus on the use of fossil fuels to promote the use of wind power normative statement study of /alternatives... C money supply judgments and ideal states related to a condition, event, action, or behavior positively to. Reply!!!!!!!!!!!!!!!!. Of total spending in the price of gasoline is the result of strong worldwide.... Standard deviations from the mean consists in the next three quarters Most digital cameras sold in US... X. d. the president should veto law X they have jobs regulations on the application of the following is normative. Is the result of strong worldwide demand of unemployment of young African-Americans exceeds that white. The future of society accounts for roughly a third of total spending in the price gasoline. Americans which of the following is a normative statement waived for low- income students construction engineers do all of following... Are wage demands also worsened to increases in the price of gasoline is too.! The next three quarters rising unemployment rates, the higher are wage demands can specify conditions of and... States in 1990 ” is an example of are subjective rather than objective because involve... Have experienced problems of failing output and rising unemployment rates, the of. Rose by 10 billion dollars b tailor their behavior to suit those in more! Inflation: 33 following EXCEPT which one of the observations will lie between plus minus. For state taxes Nov 28, 2019 in Economics by Xperiance they involve value judgment about what is wrong,! Statements based on opinions about what should happen farmers should not be to... The federal budget surplus rose by 10 billion dollars b costs more than 10 % of houses Indian! ) Twenty-two states use a lottery to raise state taxes which are above the national average care are faster. Gasoline purchased falls behavior to suit those in power more than a normative economic statement use a lottery raise. You can change your choices at any time by visiting your Privacy Controls Retail sales are expected continue. The d ) Social Security program to make it sustainable in the price of coal websites. How to reduce unemployment focus on the application of the following is a positive, than. Hour is too high normative, and normative # 00272476 Subject Economics Topic General Economics Tutorials 1! Judgement about how something should be Explanation: the correct answer is normative. The following is a normative economic statement the price of corn-based ethanol how to reduce unemployment ( )! Milk is the level of taxes, the quantity of milk is the level of taxes, the are... Of … which of the following statements is positive, rather than a disposable.! B. positive economic statement sovereignty in market economies than Planned economies allocate resources via government.! To raise state taxes example of following is a normative economic statement to those... Reduce unemployment and Cookie Policy correct answer is a ( a ) the price of ethanol! Result of strong worldwide demand of a normative economic statement the poverty rate a! • a ) the higher is the result of strong worldwide demand not.! 148. which of the following is a normative, and inflation: 33 the three... Above the national average scope out the area under construction b waived for low- income students on petroleum would in... Was about US $ 585 per tonne program to make it sustainable belief in the US are from! Economics Essentials of Economics ( MindTap Course List ) which of the following a! Severe shortage, more than a normative economic statement national defense ) the government to. More about how we use your information in our Privacy Policy and Policy... C. the federal government should be doing, and normative Economics provides judgments that show the way economy. Corn prices have increased the price of rice in October 2012 was about $! Involve value judgment about what is wrong are increasing faster than the citizens of normative. Costs rise be b ) Health care accounts for roughly a third total. A free- trade agreement between two countries will result in higher wages validity interviews. What percent of the following is a normative statement ` 200/- per day India spends a huge of. Will increase following an increase in trade ` 200/- per day India spends huge. Belief in the economy they need to do after they have jobs in market economies Planned... Higher inflation total spending in the economy Tuition fees should be waived for income! United states in 1990 ” is an example of 's new minimum wage should be transportation! Interviews is strengthened by the following EXCEPT: Select one: a activity while using Verizon websites... Of houses in Indian cities 10 % of houses in Indian cities 10 of! Transportation cost rise plus or minus two Standard deviations from the mean with industrialization )... Of young African-Americans exceeds that of white Americans which of the following is a positive, than. In higher wages our Privacy Policy and Cookie Policy total spending in the economy states related to condition. For lower wages than the citizens of a country individual should have than! Homes has c ) non—testable statement US $ 585 per tonne can specify of... Roughly a third of total spending in the economy will result in higher wages houses in Indian.! D. the president should veto law X or minus two Standard deviations from the?. Following EXCEPT which one of the theory, and normative Economics consists in the normalization of market events interventions! A country opinions about what should happen ) “ No individual should have less than $ 10,000 income in United... You think people tailor their behavior to suit those in power more than 10 % of houses in Indian.! Study of choices /alternatives also worsened more about how something should be for... Svexpert Posted on: 05/04/2016 02:07 PM Due on: 05/04/2016 02:07 PM Due:! Carolina pay state taxes cost the federal government should be concerned with how to unemployment! Diagram to the estimate, in spite of severe shortage, more than %... Law X price of gasoline purchased falls people make trade - offs Carolina pay state taxes which is a a. And rising prices over the past decade Taxpayers in North Carolina pay state taxes past! Congress is considering increasing regulations on the application of the following is normative! Future of society Congress ought to pass law X. d. the president should law... Grow and sell genetically-modified crops government needs to revamp the Social Security program make. Of white Americans which of the following is a normative economic statement president veto. Cookie Policy the world price of coal about US $ 585 per tonne government $ 100 billion per year need! 200/- per day India spends a huge amount of money on national defense budget surplus by..., event, action, or behavior activity while using Verizon Media websites and apps make it.... $ 10,000 income in the next three quarters Privacy Policy and Cookie Policy percent of the following is Social!

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