Multiple Choice
Which of the following statements is a normative statement?
A) Unemployment this month has increased by less than 0.5 per cent.
B) Inflation has been at an all-time low this year.
C) Additional spending on education has not produced any rise in test scores.
D) Pepsi is less expensive than Coke this week.
E) The minimum wage should be increased to $8.50 per hour.
Correct Answer:

Verified
Correct Answer:
Verified
Q249: The opportunity cost of a one-unit increase
Q250: The horizontal axis in a graph<br>A)measures the
Q251: The question of 'how are goods and
Q252: A positive relationship exists between two variables
Q253: Correlation means<br>A)'after this,therefore because of this'.<br>B)the tendency
Q255: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" In the figure
Q256: In economics,cost is measured as _,and benefit
Q257: 'As the price of petrol increases,fewer people
Q258: Making choices on the margin means<br>A)making decisions
Q259: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" What is the