Multiple Choice
Which of the following is a normative statement?
A) The taxes paid by the poor should be reduced in order to improve the income distribution in the U.S.
B) State governments should not subsidize corporations by training welfare recipients.
C) Presidential candidates should not be given funds from the federal government to run campaigns.
D) The sea otter should not be allowed to spread into Southern California coastal waters, because it will reduce the value of fisheries.
E) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q12: We can approximate the real return on
Q13: In the definition of a market, economists
Q14: Suppose the price of crude oil is
Q15: For each city across the U.S., economists
Q16: The textbook argues that one of the
Q18: This textbook is about microeconomics because it
Q19: The problem of scarcity means that people
Q20: Over the past year, price inflation has
Q21: Boeing Corporation and Airbus Industries are the
Q22: Why is market definition important for economic