Multiple Choice
Which of the following contains only normative statements?
A) The birth rate is reduced as economies urbanize, but that also leads to a decreased average age of developing countries' populations.
B) An increase in the price of corn will decrease the amount of corn purchased.However, it will increase the amount of wheat purchased.
C) A decrease in the price of butter will increase the amount of butter purchased, but that would be bad because it would increase Americans' cholesterol levels.
D) None of the above contain only normative statements.
Correct Answer:

Verified
Correct Answer:
Verified
Q170: Economics is most importantly concerned with:<br>A)how to
Q171: Microeconomics explores the allocation of scarce resources
Q172: Economists believe that most individuals act as
Q173: Scarcity is:<br>A)only a problem in modern industrialized
Q174: Economics is the study of how people
Q176: Darla is surprised to find that the
Q177: Which of the following is a statement
Q178: Which of the following is true?<br>A)Virtually all
Q179: Why is prediction in social sciences like
Q180: Which of the following statements is most