Multiple Choice
The important characteristic of normative statements is that they
A) are based on somebody's values and cannot be tested.
B) explain what normally happens in the real world.
C) do not use the ceteris paribus assumption.
D) help guide us to what will normally occur if some economic variable changes its value.
E) explain what really exists.
Correct Answer:

Verified
Correct Answer:
Verified
Q149: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" What is
Q150: Demonstrating how an economic variable changes from
Q151: When people make rational choices, they<br>A)weigh the
Q152: When a home builder decides to computerize
Q153: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" The graph shows
Q155: Choices that are best for the individuals
Q156: A positive statement<br>A)might be right or wrong.<br>B)cannot
Q157: Which of the following is a normative
Q158: Moving rightward along a straight line, the
Q159: In examining two variables, we find that