Multiple Choice
Which of the following is a normative statement?
A) The United States has a comparative advantage compared to the European Union in the production of wheat.
B) The main reason why the United States has a trade deficit with China is because China's trade practices are unfair.
C) Both these statements are normative.
D) Neither of these statements is normative.
Correct Answer:
Verified
Correct Answer:
Verified
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