122.Economists consider normative statements to be
a.descriptive, making a claim about how the world is.
b.statements about the normal condition of the world.
c.prescriptive, making a claim about how the world ought to be.
d.statements which establish production goals for the economy.
TYPE: M SECTION: 2 DIFFICULTY: 2
123.Which of the following is an example of a positive statement?
124.A normative statement describes how the world
125.Which of the following is an example of a normative statement?
126.“Prices rise when the government prints too much money” is an example of a
a.positive economic statement.
b.statement made by the Carter administration.
c.normative economic statement.
TYPE: M SECTION: 2 DIFFICULTY: 2127.Economists from the Treasury Department provide
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