b. Law X will reduce national income . Among the options, the only alternative that denotes a normative character is that states that the government needs to renew the Social Security Program to make it sustainable. You can change your choices at any time by visiting Your Privacy Controls. d. continually train to stay up to date on information technology developments. Normative economics consists in the belief in the normalization of market events through interventions in legislation. Apply the fishbone diagram to the registration process to discover possible locations of quality problem. C Money supply is positively linked to higher prices. Teenage unemployment is over ten percent. Economics Principles of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? Teenage unemployment is too high. OK, I will tell my team they cannot take a vacation right now. A normative statement explains what should be base of the subject according to the belief through valued judgement that describes the fairness of the subject on public policy. Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. Which of the following is a normative statement? Most digital cameras sold in the US are imported from other countries. Offered Price: $ 2.00 Posted By: SVExpert Posted on: 05/04/2016 02:07 PM Due on: 06/03/2016 . Which of the following is a normative statement? Law X is a good piece of legislation. …, ith intervieweesc. c) The minimum wage should be raised to `200/- per day India spends a huge amount of money on national defense. B. A) Rising global demand for coal has led to increases in the price of coal. D) When the price of … Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Marks: 2 Which of the following is a normative economic statement? They are subjective rather than objective because they involve value judgment about what is right and what is wrong. The current high price of milk is the result of reduced worldwide supply. Multiple questions cover the same themeod. Validity in interviews is strengthened by the following EXCEPT:Select one:a. OK, I will tell my team they need to work overtime. C) are usually irrational. economic statements are theoretical. Economics Essentials of Economics (MindTap Course List) Which of the following is a positive, rather than a normative, statement? Normative statements are subjective statements – i.e. C) The government needs to revamp the … B. a. the federal government is considering increasing regulations on the use of fossil fuels to promote the use of wind power. Correct answers: 3 question: 5) which of the following is a normative economic statement? Which of the following is a normative statement. c) when the price of gasoline rises, the quantity of gasoline purchased falls. I personally think the answer is C. Because in my text book, Positive analysis means what is and Normative analysis means what ought to be. E)The higher is the level of taxes, the lower is consumption spending. Which of the following is a normative economic statement? b. C. Scarcity necessitates that people make trade - offs. a) the price of gasoline is too high. a) Economics is a study of choices /alternatives. b)when the price of gasoline rises, transportation cost rise. b) The government should be concerned with how to reduce unemployment. With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased. Normative economics expresses ideological judgments and ideal states related to a condition, event, action, or behavior. c. slowly share their knowledge with librarians in other locations B) Health care accounts for roughly a third of total spending in the economy. Foreign workers should not be allowed to work for lower wages than the citizens of a country. er. B) Taxpayers in North Carolina pay state taxes which are above the national average. A. A normative economic statement expresses a cake judgement about how something should be. b. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Construction engineers do all of the 21) Which of the following is a normative economic statement?A) The price of milk is too high.B) The current high price of milk is the result of reduced worldwide supply.C) When the price of milk rises, the quantity of milk purchased falls.D) When the price of … Law X will reduce national income. Normative statements are statements based on opinions about what should happen. (a) Planned economies allocate resources via government departments. The other alternatives have more informational character - not normative. Obtain the proper funding for Do you think people tailor their behavior to suit those in power more than they admit? d) the current high price of gasoline is the result of strong worldwide demand. A) The world price of rice in October 2012 was about US$585 per tonne. D) are easily testable. c. Congress must recognize that the growing national debt is the most serious problem that the … …. 17. Normative state… Answer and Explanation: The correct answer is A. 148. which of the following is a normative statement? A) a normative statement. Select the normative statement that completes the following sentence: If the minimum wage is raised Which of the following is a normative economic statement "The government should provide health care for all citizens" This statement is an illustration of Reagannecatlin7747 is waiting for your help. A fall in the unemployment rate is expected next month c. A trade deficit of 20 billion dollars will harm the economy d. The Federal funds rate was reduced by half a percentage point China is Australia’s largest trading partner. Use GPS to scope out the area under construction a) Unemployment rate decreases with industrialization b) Economics is a social science that studies human behaviour. A)Tuition fees should be waived for low- income students. OK, I will work on keeping my employees long rising corn prices have increased the price of corn-based ethanol. Which of the following statements is positive, which is normative, and which can be tested? A. What is the Total expected equity financing for Amazon’s purchase of Walmart, at the assumed 50-50% equity and debt financing deal mix provided. B) With rising mortgage rates and rising unemployment rates, the number of unsold homes has C) When the price of gasoline rises, the quantity of gasoline purchased falls. c. The federal government should increase the production of biofuels. For example: Pollution is the most serious economic problem; Unemployment is more harmful than inflation; The congestion charge for drivers of petrol-guzzling cars should increase to £25; The government should increase the minimum wage to £7 per hour to reduce poverty. a) California's new minimum wage is $10 per hour is too high. Economic Development in Historical Perspective: 27. Add your answer and earn points. Based on the Empirical Rule, what percent of the observations will lie between plus or minus two standard deviations from the mean? Prompting respondents to expand on initial responsesb. following EXCEPT which one? (c) There is a greater degree of consumer sovereignty in market economies than planned economies. Point c is superior to point b because it is important to enhance the future of society. • A) The price of gasoline is too high. Law X will reduce national income. This site is using cookies under cookie policy. b. positive economic statements are testable, and normative statements are not. Which of the following is a normative economic statement? C) The government needs to revamp the D) Social Security program to make it sustainable. Multiple Choice A) The poverty rate hit a new high last year and income distribution also worsened. The central bank should increase the nation's money supply. D Prices will increase following an increase in money supply. 1. The Federal budget surplus rose by 10 billion dollars b. 9) Normative economic statements . Question # 00272476 Subject Economics Topic General Economics Tutorials: 1. b. volunteer in schools to advise studen A) violate the law of ceteris paribus. Which one of the following is an example of a normative statement? E) Retail sales are expected to continue on their downward trend in the next three quarters. Therefore, reduction of inequality in the economy in a valued judgement on the belief that it … OK, I will work on improving my team's attitude. B. c) According to the estimate, in spite of severe shortage, more than 10% of houses in Indian cities. B) Health care accounts for roughly a third of total spending in the economy. Unlike positive statements, which depend on objective data analysis, normative statements are more concerned with “what should be” rather than facts or causal relationships. A. You can specify conditions of storing and accessing cookies in your browser. B) contain value judgments. Monetary, Fiscal And Incomes Policy, And Inflation: 33. Natural Resources - Sustainable Development: 29. …, ts about how to use libraries Which of the following is a normative economic statement? 6) Which of the following is a normative economic statement? Difference between positive economics and normative economics . D) statement lacking in logic. B. Thus, option “a” is correct. The government needs to revamp the Social Security program to make it sustainable. Both positive and normative economic statements are required in order to create the policies of a country region industrial sector institution or business. farmers should not be allowed to grow and sell genetically-modified crops. Constructing interview schedules that contain themes drawn from the literature​, What is the other name for continuous variables?Nominal variables.Scale variables.Dummy variables.Categorical variables.​. A) The deduction for state taxes cost the federal government $100 billion per year. asked Nov 28, 2019 in Economics by Xperiance. C)The higher is the level of taxes, the higher are wage demands. 21) Which of the following is a normative economic statement?A) The price of milk is too high.B) The current high price of milk is the result of reduced worldwide supply.C) When the price of milk rises, the quantity of milk purchased falls.D) When the price of milk rises, the cost of milk-based products rises. C. Create drafts and plans for the construction project, Supervisor: "I need you to work on your team retention." a. Russia to lift grain export ban. Building rapport w D. People should not buy SUVs. a. d. All of the above are normative statements. Which of the following is a normative economic statement . A Increasing the money supply would lead to higher inflation. anyone ​, what do Librarians need to do after they have jobs? OK, I will work on improving my team's performance. a. attend conferences where they train other librarians C. When the price of milk rises, the quantity of milk purchased falls. C)non—testable statement. . Debit balance with Binodjournal plz reply!!!!! Regional Trading Arrangements: 32. tells us what we should have done. a. c. positive economic statements tell us what we should be doing, and normative economics. The price of milk is too high. Which of the following is a normative statement? Normative economics provides judgments that show the way an economy should behave to achieve economic fairness. Yahoo is part of Verizon Media. be b) when the price of gasoline rises, transportation costs rise. b. a positive statement is a statement of fact and a normative statement involves value judgments. The costs of medical care are increasing faster than the incomes of U.S. citizens. National Income And The Standard Of Living: 28. …, the construction project 10) “No individual should have less than $10,000 income in the United States in 1990” is an example of . c. Congress ought to pass law X. d. The president should veto law X. which of the following is a normative economic statement? c) the current high price of gasoline is the result of strong worldwide demand. The rate of unemployment of young African-Americans exceeds that of white Americans B)A free- trade agreement between two countries will result in an increase in trade. Roots of Modern Macroeconomics: 31. Which of the following is a normative economic statement? 36) Which of the following is a normative statement? they carry value judgments. Which of the following is a normative economic statement? D) Congress is considering the president's tax plan to increase taxes which is a fair plan. Which of the following is a normative economic statement? Find out more about how we use your information in our Privacy Policy and Cookie Policy. Law X is a good piece of legislation. C) Twenty-two states use a lottery to raise state taxes. (b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. A digital camera costs more than a disposable camera. Choose one answer. Rising global demand for coal has led to increases in the price of coal. B) The current high price of gasoline is the result of strong worldwide demand. The government should mandate electric automobiles. 16.Which of the following is a normative economic statement? (a) Planned economies allocate resources via government departments. Which of the following is a normative economic statement? To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. A. 30) Which of the following is a normative economic statement? Which of the following is a positive economic statement? An increase in corporate income taxes will cause the unemployment rate to increase. Which of the following would be considered a Which of the following is a normative economic statement? Theories of Economic Development: 30. c. Congress ought to pass law X. d. The president should veto law X. D)A reduction in export taxes on petroleum would result in higher wages. B The government should not increase the money supply. a. Which of the following is a normative economic statement? d. positive economic statements focus on the application of the theory, and normative. Policy and Cookie Policy: $ 2.00 Posted by: SVExpert Posted on: 06/03/2016 California 's minimum... Incomes Policy, and normative hour is too high allocate resources via government departments and incomes Policy, and:... ( b ) a free- trade agreement between two countries will result in higher.. 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Information about your device and internet connection, including your IP address Browsing! The poverty rate hit a new high last year and income distribution worsened. Federal government $ 100 billion per year Economics consists in the price of coal allocate resources via departments! Petroleum would result in an increase in trade they involve value judgment about what should.! Will result in higher wages will increase following an increase in corporate income taxes will cause the unemployment rate with! Corporate income taxes will cause the unemployment rate to increase taxes which is a normative economic?! Higher prices for low- income students right and what is wrong central bank should increase money. Linked to higher prices, what do Librarians need to work overtime raised to ` 200/- per day spends. Citizens of a country lower is consumption spending ) Tuition fees should waived... 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