Multiple Choice
Which of the following is a normative statement?
A) The current exchange rate is 0.7 British pounds per U.S.dollar.
B) In January, the average temperature in Fargo, North Dakota, is 56 degrees.
C) Winters in Arkansas are too cold.
D) On average, people save 15% when they switch to GEICO.
E) University of Virginia graduates earn more than Duke University graduates.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Why do economists use models?<br>A) Models are
Q12: Refer to the following figure to answer
Q13: Draw a production possibilities frontier (PPF)for Good
Q16: The scientific method and the tools of
Q29: The _ illustrates the various combinations of
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4871/.jpg" alt=" use the figure
Q56: use the figures below to answer
Q87: When one producer has a comparative advantage
Q138: Ceteris paribus,if a society is producing at
Q152: The ability of one producer to produce