Multiple Choice
Which of the following statements is a normative statement?
A) Welfare reform has decreased the amount the government spends on welfare.
B) Every Australian household should have health care insurance coverage.
C) Fewer people are unemployed this year than last year.
D) The price of computers fell last year.
E) Military spending as a percentage of government spending decreased by 5 per cent in the 1990s.
Correct Answer:

Verified
Correct Answer:
Verified
Q94: A time-series graph<br>A)is similar to a cross-section
Q95: Which of the following is a microeconomic
Q96: When a home builder decides to computerise
Q97: The marginal cost of an activity _
Q98: If a small change in the x
Q100: The question of 'What goods and services
Q101: You have data for sales of pizza
Q102: Decision making on the margin involves<br>A)eliminating the
Q103: Scarcity<br>A)leads to higher prices.<br>B)used to exist everywhere
Q104: Most economic graphs have two lines perpendicular