which of the following statements is normative?

(b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. b. Moral claims are a type of normative claim. B. A. to distinguish between positive and normative statements B. to solve disagreements about the desirable extent of income equality C. to choose the correct political opinion among many competing ones D. to make forecasts Answer: D 18. Society faces a short-run trade-off between inflation and unemployment. c. Tariffs on imported wine will lead to higher prices for domestic wine. b. Although people often disagree about positive statements, such disagreements can ultimately be resolved through investigation. Which of the following statements concerning the distinction between positive and normative economics is true? A policy recommendation could be that since unemployed workers are not earning income, government should try to stimulate demand in the economy, so unemployed workers could get back to work. A) A decrease in price leads to an increase in quantity consumed. Expert Answer . Normative Statements. a. 1 Answer to Which of the following economic statements are positive and which are normative? d. The minimum wage encourages firms to substitute capital for labor. X: The minimum wage should be high enough that families will not live in poverty. c. The minimum wage reduces the number of jobs for less-skilled workers. Empirical – Normative 2. Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive judgments toward economic development, investment projects, statements… It is normative because it is based on your subjective opinion. a) a higher price of oil means that people will buy less. C. MAUT is a noncompensatory decision model. Large government deficits cause an economy to grow more slowly B. D) Congress is considering the president's tax plan to increase taxes which is a fair plan. In this video, learn about the distinction between positive statements and normative statements, and why economists emphasize positive analysis vs. normative analysis, as well as how to identify positive statements vs. normative statements. A) A decrease in price leads to an increase in quantity consumed. explain. Descriptive – Prescriptive 3. b. A reduction in the rate of money growth will reduce the rate of inflation. A normative statement is one that makes a value judgment. a. For example, you stated that Indonesia’s economic growth should increase to 6%. a. Read the text below and four statements regarding the text. Which of the following is a ‘Normative Statement’? a) retired professionals should work less and get out more. A. (X points)Which of the following statements about the MAUT approach to choice is true? b) retired professionals spend less than working professionals. I think it is Normative Economics Matt. d. All of the above are normative statements. Thus, option “a” is correct. The price of gasoline is too high. Which of the following is a positive, rather than a normative statement? a. Explain. Profit - Loss Which of the following is correct? Economics Mcqs for test Preparation from Basic to … a. Russia to lift grain export ban. c. The social security system is a good system and it deserves to be preserved as it is. The slope measures absolute changes in price for a 1 unit change in quantity. People work harder if the wage is higher C. The unemployment rate should be lower D. Printing too much money causes inflation. b. A normative statement is a statement that stresses an opinion or belief that cannot be readily tested. Answer: C. The slope of a demand curve is not the same as the price elasticity of demand. b. a. Lower taxes would result in lower tax revenues for the government. D) People will buy less butter at $1.50 per pound than they will at $1 per pound. Jan 17, 2012 . Positive statements are true while normative statements are false. Which of the following is a normative statement? d. Society ought to require welfare recipients to look for jobs. Lower taxes would result in a … B) Taxpayers in North Carolina pay state taxes which are above the national average. A) The deduction for state taxes cost the federal government $100 billion per year. (a) Planned economies allocate resources via government departments. Which of the following statements is normative? a. Response Feedback: A normative statement cannot be tested or validated; it is a matter of opinion. Which of the statement is incorrect? Which of the following statements are positive in nature and which are normative? C. If the national saving rate were to increase, so would the rate of economic growth. China is Australia’s largest trading partner. C) People would be better off if government expenditures were higher. Which of the following is an example of a normative, as opposed to positive, statement? Which of the following is a normative statement? a) 1 and 3 b) 1 and 2 c) 1, 2 and 3 d) 2, 3 and 4 Correct Answer: C 2) How does the individual come to be able to make moral decisions? Which of the following is a normative statement? c. The Federal Reserve should reduce the rate of money growth. Which of the following is a normative statement? Normative Statement: A normative statement is concerned with the value judgments about a situation and looking if it is desirable or undesirable on the basis of that. The minimum wage is good because it raises wages for the working poor. They generally suggest a mindset that certain things should happen in order for the world to be better. C. When the price of gasoline rises, the quantity of gasoline purchased falls. The statement can be tested, amended or rejected based on available evidence. A 2% increase in foreign investment in Fiji would increase Fiji’s economic growth by 0.5%. Normative statements usually present an opinion-based analysis in terms of what is considered desirable. In the following, I summarize the characteristics of the normative statement: Based on opinions, so it is subjective; Often include words … Law X is a good piece of legislation. Reducing tax rates on the wealthy would be good for the country. C) Twenty-two states use a lottery to raise state taxes. Positive statements are fact-based, but normative statements are based on opinions. Which of the following is a normative economic statement? Which of the following is an example of a normative statement? B. Easy examples includes statements such as "inequality is bad" or "genders should be paid the same salary". C) People would be better off if government expenditures were higher. D) People will buy less butter at $1.50 per pound than they will at $1 per pound. c. The federal government should increase the production of biofuels. D. When the price of … Descriptive versus Normative Claims. (2) Last year, the price of chicken was $6 per pound and the price of fish was $7 per pound. 97) Which of the following is a normative economic statement? 1. (c) There is a greater degree of consumer sovereignty in market economies than planned economies. d. Society ought to require welfare recipients to look for jobs. b. a reduction in the rate of money growth will reduce the rate of inflation. Explanation: Please note: Positive statements are objective statements that can be tested, amended or rejected by referring to the available evidence. a. Which of the following statements is normative ? Classify each of the following statements as positive or normative. Gasoline prices ought to be lower than they are now. B) Incomes grow more rapidly in high-tax states than low-tax states. Which of the following statements is positive, which is normative, and which can be tested? Society faces a short-run trade-off between inflation and unemployment. b. There is another category of assertions, however, for which investigation can never resolve differences. A. Law X will reduce national income. Previous question Next question Get more help from Chegg . The government should reduce funding for social assistance programs. This is called normative reasoning, and the conclusions are called normative statements. classify each of the following statements as positive or normative. normative statements on the other hand express a value judgment about whether a situation is desirable or undesirable. 1) Cultural difference strictly entail ethical differences 2) Cultural differences should not be equated with irresoluble moral differences 3) What appear to be cultural differences may also be differences in perspective 4) All human beings around the world agree to the same moral standards. c. The Federal Reserve should reduce the rate of money growth. A DESCRIPTIVE claim is a claim that asserts that such-and-such IS the case. d. An increase in minimum wages will increase unemployment. a. A higher price for a good causes people to want to buy less of that good. b) Reapid rates of economic growth can lead to environmental damage c) During a recession, unemployment rates Rise d) The government should keep inflation from rising. Which of the following statements is a positive statement? A “claim” is statement that asserts something that could be either true or false. Positive economic statements do not have to be correct, but they must be able to be tested and proved or disproved. Which of the following is a statement of normative economics? For each letter, write the entire word True or False.. A. MAUT is a normative approach.. B. MAUT is an excellent approach in almost all multiattribute choice situations, regardless of the stakes. The current high price of gasoline is the result of strong worldwide demand. B) Incomes grow more rapidly in high-tax states than low-tax states. The federal government should raise taxes on wealthy people. A. 97) _____ A) The price of gasoline is too high. B) When the price of gasoline rises, the quantity of gasoline purchased falls. b. Both positive and normative economic statements are required in order to create the policies of a country, region, industrial sector, institution, or business. If the price of a product decreases, quantity demanded increases. Which of the following is an example of a normative statement? c) retired professionals are more generous tippers than working professionals. The only normative statement from the answer choices is “The multimillion dollar B1 bombers are a waste of tax money.” The other statements can be tested and validated. Application of Economics Application of Economics Economics Mcqs. Which is a normative statement? Mcq Added by: Adden wafa. Question 5 Which of the following statements is normative? A tax increase will increase unemployment. a. Which of the following statements are true about ethical relativism? 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