Multiple Choice
Which of the following is not an example of a positive,as opposed to normative,statement?
A) Higher gasoline prices will reduce gasoline consumption.
B) Equality is more important than efficiency.
C) Trade restrictions lower our standard of living.
D) If a nation wants to avoid inflation,it will restrict the growth rate of the quantity of money.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: Congress relies on economists at the Congressional
Q11: Some,but not all,government economists are employed within
Q12: Economists view normative statements as<br>A)prescriptive,making a claim
Q13: Normative statements are not<br>A)descriptive.<br>B)prescriptive.<br>C)claims about how the
Q14: When an economist is asked a question
Q16: A duty of economists at the Department
Q17: Positive statements are not<br>A)descriptive.<br>B)prescriptive.<br>C)claims about how the
Q18: When economists are trying to explain the
Q19: Which of the following is an example
Q20: The President receives economic policy advice from