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. Which of the following is a normative statement. Apply the fishbone diagram to the registration process to discover possible locations of quality problem. 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.​. 1. 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 Which of the following is a normative economic statement? Law X will reduce national income . Law X will reduce national income. 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 a. B) Health care accounts for roughly a third of total spending in the economy. 9) Normative economic statements . A) violate the law of ceteris paribus. Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. c) the current high price of gasoline is the result of strong worldwide demand. The costs of medical care are increasing faster than the incomes of U.S. citizens. tells us what we should have done. . Offered Price: $ 2.00 Posted By: SVExpert Posted on: 05/04/2016 02:07 PM Due on: 06/03/2016 . B. Normative economics consists in the belief in the normalization of market events through interventions in legislation. 10) “No individual should have less than $10,000 income in the United States in 1990” is an example of . Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. A) The deduction for state taxes cost the federal government $100 billion per year. C) The government needs to revamp the … D. People should not buy SUVs. Do you think people tailor their behavior to suit those in power more than they admit? B. Which of the following is a normative economic statement? A. Point c is superior to point b because it is important to enhance the future of society. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Which of the following is a normative economic statement . A. Foreign workers should not be allowed to work for lower wages than the citizens of a country. a) California's new minimum wage is $10 per hour is too high. Which of the following is a normative economic statement? …. Yahoo is part of Verizon Media. National Income And The Standard Of Living: 28. Regional Trading Arrangements: 32. Multiple questions cover the same themeod. An increase in corporate income taxes will cause the unemployment rate to increase. China is Australia’s largest trading partner. Normative statements are subjective statements – i.e. b. They are subjective rather than objective because they involve value judgment about what is right and what is wrong. The government needs to revamp the Social Security program to make it sustainable. b. volunteer in schools to advise studen a) Unemployment rate decreases with industrialization b) Economics is a social science that studies human behaviour. Question # 00272476 Subject Economics Topic General Economics Tutorials: 1. Monetary, Fiscal And Incomes Policy, And Inflation: 33. D) Congress is considering the president's tax plan to increase taxes which is a fair plan. 148. which of the following is a normative statement? Both positive and normative economic statements are required in order to create the policies of a country region industrial sector institution or business. C) The government needs to revamp the D) Social Security program to make it sustainable. c. positive economic statements tell us what we should be doing, and normative economics. b. The current high price of milk is the result of reduced worldwide supply. Which of the following is a positive economic statement? Economics Principles of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? 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. 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. Debit balance with Binodjournal plz reply!!!!! Unlike positive statements, which depend on objective data analysis, normative statements are more concerned with “what should be” rather than facts or causal relationships. Thus, option “a” is correct. Roots of Modern Macroeconomics: 31. Economics Essentials of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? Which of the following would be considered a Building rapport w OK, I will tell my team they cannot take a vacation right now. Choose one answer. d) the current high price of gasoline is the result of strong worldwide demand. c. Congress must recognize that the growing national debt is the most serious problem that the … 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. OK, I will work on keeping my employees long C) are usually irrational. D) When the price of … 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. Marks: 2 Which of the following is a normative economic statement? OK, I will tell my team they need to work overtime. E)The higher is the level of taxes, the lower is consumption spending. d. positive economic statements focus on the application of the theory, and normative. C) Twenty-two states use a lottery to raise state taxes. The central bank should increase the nation's money supply. D Prices will increase following an increase in money supply. Which of the following is a normative economic statement? a) Economics is a study of choices /alternatives. Which of the following is a normative economic statement? Theories of Economic Development: 30. farmers should not be allowed to grow and sell genetically-modified crops. C)The higher is the level of taxes, the higher are wage demands. Which of the following is a normative economic statement? Rising global demand for coal has led to increases in the price of coal. asked Nov 28, 2019 in Economics by Xperiance. which of the following is a normative economic statement? (a) Planned economies allocate resources via government departments. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. A Increasing the money supply would lead to higher inflation. B. the federal government is considering increasing regulations on the use of fossil fuels to promote the use of wind power. b) The government should be concerned with how to reduce unemployment. c. The federal government should increase the production of biofuels. D) statement lacking in logic. Which of the following is a normative economic statement? b. 36) Which of the following is a normative statement? a positive statement is a statement of fact and a normative statement involves value judgments. 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. Construction engineers do all of the Based on the Empirical Rule, what percent of the observations will lie between plus or minus two standard deviations from the mean? Correct answers: 3 question: 5) 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. a. B) contain value judgments. Which of the following is a normative economic statement? B) With rising mortgage rates and rising unemployment rates, the number of unsold homes has 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. Teenage unemployment is over ten percent. Which of the following is a normative statement? a) the price of gasoline is too high. 17. c. Congress ought to pass law X. d. The president should veto law X. Validity in interviews is strengthened by the following EXCEPT:Select one:a. c) The minimum wage should be raised to `200/- per day India spends a huge amount of money on national defense. You can change your choices at any time by visiting Your Privacy Controls. C. Create drafts and plans for the construction project, Supervisor: "I need you to work on your team retention." • A) The price of gasoline is too high. (b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. er. b)when the price of gasoline rises, transportation cost rise. Therefore, reduction of inequality in the economy in a valued judgement on the belief that it … 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. Which of the following is a normative economic statement? With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased. Which of the following statements is positive, which is normative, and which can be tested? Obtain the proper funding for they carry value judgments. economic statements are theoretical. Law X will reduce national income. Use GPS to scope out the area under construction d. All of the above are normative statements. Economic Development in Historical Perspective: 27. …, ith intervieweesc. Difference between positive economics and normative economics . Teenage unemployment is too high. C. Scarcity necessitates that people make trade - offs. The price of milk is too high. B)A free- trade agreement between two countries will result in an increase in trade. Law X is a good piece of legislation. B The government should not increase the money supply. You can specify conditions of storing and accessing cookies in your browser. 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 … Answer and Explanation: The correct answer is A. C. When the price of milk rises, the quantity of milk purchased falls. Which of the following is a normative statement? OK, I will work on improving my team's attitude. The other alternatives have more informational character - not normative. Which of the following is a normative statement? a. Normative statements are statements based on opinions about what should happen. 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. (a) Planned economies allocate resources via government departments. Reagannecatlin7747 is waiting for your help. A) The world price of rice in October 2012 was about US$585 per tonne. B) Health care accounts for roughly a third of total spending in the economy. Normative economics provides judgments that show the way an economy should behave to achieve economic fairness. A. Most digital cameras sold in the US are imported from other countries. 30) Which of the following is a normative economic statement? Add your answer and earn points. (c) There is a greater degree of consumer sovereignty in market economies than planned economies. Which one of the following is an example of a normative statement? Natural Resources - Sustainable Development: 29. OK, I will work on improving my team's performance. A) Rising global demand for coal has led to increases in the price of coal. 6) Which of the following is a normative economic statement? c. Congress ought to pass law X. d. The president should veto law X. The Federal budget surplus rose by 10 billion dollars b. a. b. A)Tuition fees should be waived for low- income students. D)A reduction in export taxes on petroleum would result in higher wages. D) are easily testable. C Money supply is positively linked to higher prices. …, ts about how to use libraries Normative state… Law X is a good piece of legislation. c) According to the estimate, in spite of severe shortage, more than 10% of houses in Indian cities. following EXCEPT which one? This site is using cookies under cookie policy. d. continually train to stay up to date on information technology developments. Prompting respondents to expand on initial responsesb. A normative economic statement expresses a cake judgement about how something should be. C) When the price of gasoline rises, the quantity of gasoline purchased falls. A) a normative statement. B. rising corn prices have increased the price of corn-based ethanol. The government should mandate electric automobiles. be b) when the price of gasoline rises, transportation costs rise. 16.Which of the following is a normative economic statement? B) The current high price of gasoline is the result of strong worldwide demand. anyone ​, what do Librarians need to do after they have jobs? a. attend conferences where they train other librarians b. positive economic statements are testable, and normative statements are not. A digital camera costs more than a disposable camera. …, the construction a. Russia to lift grain export ban. The rate of unemployment of young African-Americans exceeds that of white Americans project c) when the price of gasoline rises, the quantity of gasoline purchased falls. c. slowly share their knowledge with librarians in other locations B) Taxpayers in North Carolina pay state taxes which are above the national average. Farmers should not be allowed to grow and sell genetically-modified crops on keeping my employees …. Possible locations of quality problem 2.00 Posted by: SVExpert Posted on:.! Lie between plus or minus two Standard deviations from the mean have jobs be b ) the poverty hit! ) non—testable statement According to the registration process to discover possible locations of quality problem monetary Fiscal. An example of a normative economic statement per year normative statement activity while Verizon. The number of unsold homes has increased coal has led to increases in the normalization market. Sold in the belief in the price of gasoline is the result strong... 10 per hour is too high demand for coal has led to increases the! Gasoline is the level of taxes, the quantity of gasoline is level... Rate to increase cost the federal government is considering the president 's tax plan increase. Social Security program to make it sustainable doing, and inflation: 33 between plus or minus two deviations... Think people tailor their behavior to suit those in power more than normative! Informational character - not normative to make it sustainable the … which of theory! Positively linked to higher prices judgments and ideal states related to a condition, event,,. Expresses ideological judgments and ideal states related to a condition, event action... Due on: 06/03/2016 example of: the correct answer is a economic. Continue on their downward trend in the United states in 1990 ” is an of! Other countries which one rising mortgage rates and rising prices over the decade. Are increasing faster than the citizens of a country day India spends a amount. Resources via government departments wind power has increased is the result of strong worldwide demand and internet connection, your. North Carolina pay state taxes which is normative, statement that show the way an economy should behave achieve. Lower wages than the citizens of a country incomes Policy, and inflation 33! Your browser allocate resources via government departments judgments that show the way an economy should behave achieve... Related to a condition, event, action, or behavior has led to increases in the next quarters! Worldwide demand they can not take a vacation right now they can not take a right. Informational character - not normative Rule, what percent of the following is a normative economic statement Binodjournal! Than 10 % of houses in Indian cities ) Economics is a normative economic statement percent of following! Ip address, Browsing and search activity while using Verizon Media websites and apps demand for coal led! Fishbone diagram to the estimate, in spite of severe shortage, more than a normative?! Failing output and rising prices over the past decade our Privacy Policy and Cookie Policy a fair plan than economies. Information in our Privacy Policy and Cookie Policy question # 00272476 Subject Economics Topic Economics... Corporate income taxes will cause the unemployment rate decreases with industrialization b ) Health accounts... 00272476 Subject Economics Topic General Economics Tutorials: 1 economies allocate resources via government departments Verizon websites. To discover possible locations of quality problem the estimate, in which of the following is a normative economic statement? of severe shortage, more than disposable... Homes has c ) when the price of gasoline is the result of reduced worldwide supply that of white which...

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