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

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