Multiple Choice
Which of the following is an example of a normative economic statement?
A) The inflation rate in the United States decreased 4 percent because the price of energy fell.
B) The economy grew at an annual rate of 5 percent during the first quarter of this year.
C) If two automobile companies merge, the price of automobiles will rise.
D) An increase in international trade benefits some workers but hurts others.
E) The minimum wage should be increased so that low-income workers can afford to keep up with the cost of living.
Correct Answer:

Verified
Correct Answer:
Verified
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