which of the following statements is normative?

D. When the price of … Mcq Added by: Adden wafa. C) People would be better off if government expenditures were higher. Fact – Value 4. A reduction in the rate of money growth will reduce the rate of inflation. Y: The federal minimum wage is increasing to $8.50 an hour. Which of the following is an example of a normative, as opposed to positive, statement? The statement can be tested, amended or rejected based on available evidence. A higher price for a good causes people to want to buy less of that good. A 2% increase in foreign investment in Fiji would increase Fiji’s economic growth by 0.5%. Which of the following is a normative statement? A) A decrease in price leads to an increase in quantity consumed. A) A decrease in price leads to an increase in quantity consumed. B. Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive judgments toward economic development, investment projects, statements… a. classify each of the following statements as positive or normative. This is called normative reasoning, and the conclusions are called normative statements. Which of the following is a positive, rather than a normative statement? Explanation: Please note: Positive statements are objective statements that can be tested, amended or rejected by referring to the available evidence. 97) Which of the following is a normative economic statement? For this to be helpful we need to say something about normative claims. A) The deduction for state taxes cost the federal government $100 billion per year. C. When the price of gasoline rises, the quantity of gasoline purchased falls. A tax cut will raise interest rates. c. The Federal Reserve should reduce the rate of money growth. 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. (X points)Which of the following statements about the MAUT approach to choice is true? Although people often disagree about positive statements, such disagreements can ultimately be resolved through investigation. Law X will reduce national income. A. c) retired professionals are more generous tippers than working professionals. D) Congress is considering the president's tax plan to increase taxes which is a fair plan. Moral claims are a type of normative claim. Personal income taxes should be higher. (2) Last year, the price of chicken was $6 per pound and the price of fish was $7 per pound. C. If the national saving rate were to increase, so would the rate of economic growth. d. An increase in minimum wages will increase unemployment. D) People will buy less butter at $1.50 per pound than they will at $1 per pound. Easy examples includes statements such as "inequality is bad" or "genders should be paid the same salary". d. Society ought to require welfare recipients to look for jobs. a. Which is a normative statement? X: The minimum wage should be high enough that families will not live in poverty. Profit - Loss Which of the following is correct? Normative Statements. Positive statements are true while normative statements are false. b. Which of the following statements is a positive statement? b) retired professionals spend less than working professionals. Response Feedback: A normative statement cannot be tested or validated; it is a matter of opinion. A normative statement is a statement that stresses an opinion or belief that cannot be readily tested. A. Which of the statement is incorrect? 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. d. All of the above are normative statements. c. Tariffs on imported wine will lead to higher prices for domestic wine. (1) Which of the following is a normative statement? Which of the following is an example of a normative statement? c. The social security system is a good system and it deserves to be preserved as it is. Positive economic statements do not have to be correct, but they must be able to be tested and proved or disproved. A tax increase will increase unemployment. Previous question Next question Get more help from Chegg . Expert Answer . Law X is a good piece of legislation. B) Taxpayers in North Carolina pay state taxes which are above the national average. Reducing tax rates on the wealthy would be good for the country. explain. Application of Economics Application of Economics Economics Mcqs. Thus, option “a” is correct. Both positive and normative economic statements are required in order to create the policies of a country, region, industrial sector, institution, or business. Lower taxes would result in a … (c) There is a greater degree of consumer sovereignty in market economies than planned economies. B) Incomes grow more rapidly in high-tax states than low-tax states. China is Australia’s largest trading partner. Which of the following is a statement of normative economics? Descriptive versus Normative Claims. (a) Planned economies allocate resources via government departments. The government should reduce funding for social assistance programs. In the following, I summarize the characteristics of the normative statement: Based on opinions, so it is subjective; Often include words … There is another category of assertions, however, for which investigation can never resolve differences. A normative statement is one that makes a value judgment. The slope measures absolute changes in price for a 1 unit change in quantity. b. a reduction in the rate of money growth will reduce the rate of inflation. Gasoline prices ought to be lower than they are now. (b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. Large government deficits cause an economy to grow more slowly B. 97) _____ A) The price of gasoline is too high. For each letter, write the entire word True or False.. A. MAUT is a normative approach.. B. MAUT is an excellent approach in almost all multiattribute choice situations, regardless of the stakes. B. normative statements on the other hand express a value judgment about whether a situation is desirable or undesirable. b. 1. C) People would be better off if government expenditures were higher. If the price of a product decreases, quantity demanded increases. Which of the following statements are positive in nature and which are normative? 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. They generally suggest a mindset that certain things should happen in order for the world to be better. Read the text below and four statements regarding the text. The current high price of gasoline is the result of strong worldwide demand. Descriptive – Prescriptive 3. Which of the following statements is normative ? a) retired professionals should work less and get out more. d. The minimum wage encourages firms to substitute capital for labor. a. Classify each of the following statements as positive or normative. Empirical – Normative 2. a. The minimum wage is good because it raises wages for the working poor. The federal government should raise taxes on wealthy people. b. Which of the following statements is normative? Economics Mcqs for test Preparation from Basic to … B) Incomes grow more rapidly in high-tax states than low-tax states. People work harder if the wage is higher C. The unemployment rate should be lower D. Printing too much money causes inflation. Which of the following is a ‘Normative Statement’? A. Which of the following is a normative economic statement? Which of the following statements are true about ethical relativism? Positive statements are fact-based, but normative statements are based on opinions. a. a. 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. c. The Federal Reserve should reduce the rate of money growth. It is normative because it is based on your subjective opinion. a. The price of gasoline is too high. Society faces a short-run trade-off between inflation and unemployment. A “claim” is statement that asserts something that could be either true or false. Which of the following is a normative statement? 1) Cultural difference strictly entail ethical differences 2) Cultural differences should not be equated with irresoluble moral differences 3) What appear to be cultural differences may also be differences in perspective 4) All human beings around the world agree to the same moral standards. b. d. Society ought to require welfare recipients to look for jobs. Question 5 Which of the following statements is normative? c. The federal government should increase the production of biofuels. b. Which of the following is an example of a normative statement? Jan 17, 2012 . Which of the following statements is positive, which is normative, and which can be tested? A policy recommendation could be that since unemployed workers are not earning income, government should try to stimulate demand in the economy, so unemployed workers could get back to work. D) People will buy less butter at $1.50 per pound than they will at $1 per pound. C) Twenty-two states use a lottery to raise state taxes. I think it is Normative Economics Matt. A DESCRIPTIVE claim is a claim that asserts that such-and-such IS the case. Which of the following is a normative statement? a. Russia to lift grain export ban. Explain. In this video, learn about the distinction between positive statements and normative statements, and why economists emphasize positive analysis vs. normative analysis, as well as how to identify positive statements vs. normative statements. a. Normative statements usually present an opinion-based analysis in terms of what is considered desirable. C. MAUT is a noncompensatory decision model. Which of the following statements concerning the distinction between positive and normative economics is true? The minimum wage is supported by unions. a) 1 and 3 b) 1 and 2 c) 1, 2 and 3 d) 2, 3 and 4 Correct Answer: C 2) How does the individual come to be able to make moral decisions? b. Lower taxes would result in lower tax revenues for the government. b. Society faces a short-run trade-off between inflation and unemployment. a. a) a higher price of oil means that people will buy less. B) When the price of gasoline rises, the quantity of gasoline purchased falls. Which of the following is a normative statement? Answer: C. The slope of a demand curve is not the same as the price elasticity of demand. c. The minimum wage reduces the number of jobs for less-skilled workers. For example, you stated that Indonesia’s economic growth should increase to 6%. 1 Answer to Which of the following economic statements are positive and which are normative? 1 unit change in quantity consumed Twenty-two states use a lottery to state. 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