Multiple Choice
Which of the following is an example of a normative, as opposed to a positive, statement?
A) Gasoline prices ought to be lower than they are now.
B) A decrease in the minimum wage would decrease unemployment.
C) The elimination of trade restrictions would increase an economy's standard of living.
D) In response to the most recent recession, the federal government extended the duration of unemployment benefits.
Correct Answer:
Verified
Correct Answer:
Verified
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Q202: Figure 2-13<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 2-13
Q203: Figure 2-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 2-8
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Q208: Figure 2-10<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 2-10
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