Question
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.
d.welfare statement.
TYPE: M SECTION: 2 DIFFICULTY: 2127.Economists from the
Treasury Department provide
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