Multiple Choice
Which of the following is an example of a normative statement?
A) The unemployment rate is six percent.
B) There should be no unemployment in an advanced industrial society.
C) Higher prices cause consumers to buy less.
D) Equilibrium price implies that quantity demanded equals quantity supplied.
Correct Answer:

Verified
Correct Answer:
Verified
Q130: The slope of a non-linear curve<br>A) is
Q131: The mistake of inferring causality from _
Q132: Refer to the information provided in Figure
Q133: The post hoc, ergo propter hoc fallacy
Q134: Rent control laws are imposed when city
Q136: Refer to the information provided in Figure
Q137: Positive economics looks at outcomes of economic
Q138: If you observe that Event A happens
Q139: Suppose that you sign up for a
Q140: Refer to the information provided in Figure