Multiple Choice
Which of the following represents a normative statement?
A) A decrease in price leads to an increase in quantity demanded.
B) The study of economics is more important than the study of history.
C) People will buy less butter at $1.50 per pound then they will at $1.00 per pound.
D) As an economy develops, the nation's birth rate tends to fall.
Correct Answer:
Verified
Correct Answer:
Verified
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