Multiple Choice
Which of the following is a normative economic statement?
A) The poverty rate hit a new high last year and income distribution also worsened.
B) Health care accounts for roughly a third of total spending in the economy.
C) The government needs to revamp the Social Security program to make it sustainable.
D) Retail sales are expected to continue on their downward trend in the next three quarters.
Correct Answer:

Verified
Correct Answer:
Verified
Q91: If someone produced too little of a
Q92: Economic analysis assumes "purposeful behavior," which means
Q93: Which question is an illustration of a
Q94: Unemployment<br>A) causes the production possibilities curve to
Q95: Consumers spend their incomes to get the
Q97: "The role of government in the economy
Q98: (Last Word) "The government deregulated the electricity
Q99: Which of the following terms implies the
Q100: The four factors of production are<br>A) land,
Q101: Which question is an example of a