which of the following statements is normative?

a. 18. c. The minimum wage reduces the number of jobs for less-skilled workers. Easy examples includes statements such as "inequality … Which of the following is a statement of normative economics? Meet students taking the same courses as you are!Join a Numerade study group on Discord. The value of a good can be objectively measured. b. a positive statement. Which of the following is a statement of normative economics? a. 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. This is called normative reasoning, and the conclusions are called normative statements. c) retired professionals are more generous tippers than working professionals. Economics should be more concerned with human well-being than with economic growth. c. There is an unequal distribution Close Explanation Explanation: A positive statement is one that seeks to describe the world … Large government deficits cause an economy to grow more slowly B. Question 5 Which of the following statements is normative? b. a. …, Briefly explain which of the following statements represent positive analysi…, Briefly explain whether each of the following is primarily a microeconomic i…, After you have studied Economics in the News onpp. Which of the following is a normative statement A Reducing the budget deficit, 27 out of 33 people found this document helpful. A) Consumers will buy more gasoline over the Christmas holiday even if the price of gas is 10 cents higher than it was during the Thanksgiving holiday. d. both b and c. Definition. d. All of the above are normative statements. Gasoline prices ought to be lower than they are now. And this is like from the perspex a tip off people who is saying this. a. Microeconomics Practice Exam One _Chp 1 - 4_. Normative statements are statements based on opinions about what should happen. d. All of the above are normative statements. they carry value judgments.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. Gasoline prices ought to be lower than they are now. Because sometimes the Federal Reserve increase the rate of money growth to adjust for inflation. Items (6 items) (Drag and drop into the appropriate area below) Workers in Utah earn the highest wage in the United States. The rate of unemployment of young African-Americans exceeds that of white Americans This is called normative reasoning, and the conclusions are called normative statements. Response Feedback: A normative statement cannot be tested or validated; it is a matter of opinion. For example, “Jazz is better than pop music,” “If you want to pass the exam you should study,” “Killing an innocent person is wrong.” The point here is to see that there is a difference between descriptive claims and normative claims. The minimum wage is good because it raises wages for the working poor.b. So here we know that on positive statement is something that describe the world as it is and normative statement is something that you think the world should be. Suppose an economist tells you that the unemployment rate in Canada last year was 4.5 percent. b. Question 5 Which of the following statements is normative? 2. A. Which of the following is a guidepost to economic thinking? So this is a policy that should based on real data, it is not that something say, as someone say that Oh, you should do this. A. A society Sorry. b. Expert Answer 100% (1 rating) 14. So this is normative and the same sd social old to require welfare recipients to look for jobs. Determine if each statement is positive or normative. A normative statementis one that makes a value judgment. Which one of the following statements is normative? The minimum wage reduces the number of jobs for less-skilled workers.d. Answer: B Diff: 2 Page Ref: 15/15 Topic: Normative and Positive Analysis The minimum wage is good because it raises wages for the working poor. (c) There is a greater degree of consumer sovereignty in market economies than planned economies. A normative statement is a statement that stresses an opinion or belief that cannot be readily tested. Normative economics expresses ideological judgments and ideal states related to a condition, event, action, or behavior. This is an example of a(n) _____ statement. Response Feedback: A normative statement cannot be tested or validated; it is a matter of opinion. b. Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive judgments toward economic development, investment projects, statements… Will the redistribution of income make society better off? They have implicit information in them, whether something is good, or bad, and represent the opinions of the maker of the statement. Which of the following is a normative statement? And they are something that it's like more subjective statement, because for a posi, he's saying that the Federal Reserve should should reduce the rate ofthe money growth. a. How do prices affect the market for coffee? Which of the following is an example of normative analysis? Which of the following statements is normative? Which of the following is a normative statement? B) a and b are positive statements, c and d are normative statement. U nderstanding how to recognize a normative statement is a very important skill to have when you are trying to pass your economics class. C. A tax cut will cause higher inflation. b. 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. positive. So when you see terms like oh, too, or should these are all very strong terms that describe your own personal belief. a. The second type of activity is more subjective, and is inevitably based on the researcher’s values. b. Tuition fees should be waived for low-income students. A. b) retired professionals spend less than working professionals. They generally suggest a mindset that certain things should happen in order for the world to be better. Companies that outsource jobs are acting immorally. The governments should spend more to aid the poor. D. The governments should spend more to aid the poor. Which of the following is an example of a normative, as opposed to positive, statement? "}, Classify each of the following statements as positive or normative. c. The social security system is a good system and it deserves to be preserved as it is. If the price of a product decreases, quantity demanded increases. (b) Most transitional economies have experienced problems of failing output and rising prices over the past decade. Normative statements are statements that involve some value judgement. c. The social security system is a good system and it deserves to be preserved as it is. A digital camera costs more than a disposable camera. The minimum wage is supported by unions. b. a. a normative statement. Click 'Join' if it's correct. d. The minimum wage encourages firms to substitute capital for labor. Which of the following statements is incorrect? Explain.…, Which of the following is a positive, rather than anormative, statement?…, Economics is best defined as the study ofa. Which of the following statements is normative ? which one of the following statements is normative a. printing too much money causes inflation b. people work heard if the wage is higher c. the unemployment rate should be lower d. large gov deficits cause an economy to grow more slowly C If Japan has an absolute advantage in the production of an item, it must also have a comparative advantage in the production of that item. There is another category of assertions, however, for which investigation can never resolve differences. B. So the question the the answer for this problem is A B and E are positive statements, and C and the are an enormous tive statements. a. The other statements can be tested and validated). Which of the following is a normative macroeconomics statement? A normative statement is a statement of what should be. The price of steel declined by 3% last year. Tariffs on imported cars result in higher prices for domestic auto consumers. In the meantime, our AI Tutor recommends this similar expert step-by-step video covering the same topics. So apparently we can see that on ly see. A normative statement is a claim about how things ought to be. how society manages its scar…, Discuss the effect of each of the following on the unemployment rate.a. (a) Planned economies allocate resources via government departments. A normative statement is a statement that is subjective in nature. The minimum wage should be raised to $15 per hour. Right. Statement Positive Normative In the past decade, U.S. companies have outsourced millions of jobs overseas. c. The minimum wage reduces the number of jobs for less-skilled workers. a) retired professionals should work less and get out more. The government should reduce the tax burden to help small business. Tariffs on imported cars result in higher prices for domestic auto consumers. Unlike positive statements, which depend on objective data analysis, normative statements are more concerned with “what should be” rather than facts or causal relationships. Which one of the following is an example of a normative statement? They are subjective rather than objective because they involve value judgment about what is right and what is wrong. This statement can not be tested by any means. Although people often disagree about positive statements, such disagreements can ultimately be resolved through investigation. People work harder if the wage is higher C. The unemployment rate should be lower D. Printing too much money causes inflation. a. Normative economic deals with what actually is taking place in economy b. It explains or sees how the world should be, and the descriptive statements explain the world exactly how it is. So that statement is, like more a subjective. a positive statement is a statement of fact and a normative statement involves value judgments. C. If the national saving rate were to increase, so would the rate of economic growth. Which of the following is the best example of a normative question? For example, globalization inflicts economic harm to a country is an opinion. C) Only a is a positive statement, b, c and d are normative statements. Which of the following statements is normative ? Individuals should never make a decision without having complete information. The only normative statement from the answer choices is "Microeconomics is a great class." Raising the minimum wage increases the rate of unemployment. c. There is an unequal distribution Lower spending on agricultural programs will lower the rural employment level c. Farmers who lose their farms should qualify for unemployment benefitsd. Normative and positive statements The following table contains statements that provide some analysis of policies that address globalization. The minimum wage is supported by unions.c. Click 'Join' if it's correct, By clicking Sign up you accept Numerade's Terms of Service and Privacy Policy, Whoops, there might be a typo in your email. a: Term. 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. Which of the following is a true statement about capabilities? The federal government should raise taxes on wealthy people. Such a judgment is the opinion of the speaker; no one can “prove” that the statement is or is not correct. Which of the following is an example of a normative, as opposed to positive, statement? Yes. For example, “Jazz is better than pop music,” “If you want to pass the exam you should study,” “Killing an innocent person is wrong.” The point here is to see that there is a difference between descriptive claims and normative claims. A tax increase will increase the price levelb. But why should it reduce money growth? Which of the following statements is normative ? Peo… Reducing tax rates on the wealthy would be good for the country. The United Way charity seeks to improve people's lives by supporting other community charities. Given that none of the statements in the question are opinions- they simply describe objectively as to how the economy operates. The distribution of income in the United States should be more equal than it is. The minimum wage is good because it raises wages for the working poor. Reducing the budget deficit will also reduce the balance of trade deficit. b. It is a statement in which a person is trying to convert what should be happening. a. a. the central bank should increase the nations money supply The condition in an economy … Positive economic deals with what should take place in the economy c. Positive economics and normative economics are always identical d. Positive economics need not conform with normative economics. A normative statement is a claim about how things ought to be. b. Which of the following is a normative statement? $182-183,$ answer the…, All of the following topics fall within the study ofmicroeconomics EXCEP…, Classify the following topics as relating to microeconomics or macroeconomic…, What is true of a monopolistically competitive marketin long-run equilib…, EMAILWhoops, there might be a typo in your email. 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. Large government deficits cause an economy to grow more slowly B. 2. B) The current butter surplus is the result of federal policies. Which of the following is a positive economic statement? Which of the statements below is primarily normative in nature? This preview shows page 74 - 76 out of 76 pages. Which of the following is a positive macroeconomic statement: a. i. a. Normative theories often evolve as a result of research performed in relation to positive theories b. So you should know that these air normative statements so comparing to a and B and e t they are just talking about facts. c. a testable hypothesis. Which of the following statements is normative?a. d. An increase in minimum wages will increase unemployment. People's actions are often influenced by their social context. The distribution of income in the United States should be more equal than it is. We ought to do more to help the poor. Reducing the budget deficit will also reduce the balance of trade deficit. Normative statements are subjective statements – i.e. Which of the statements below is primarily normative in nature? Most digital cameras sold in the US are imported from other countries. Which of the following is a statement of normative economics?a. a) a higher price of oil means that people will buy less. This statement is which of the following? And then the Federal Reserve will do this. D) a and c are positive statements, b and d are normative statements. Statement Positive Normative All Americans should earn more than $25,000 per year. The federal government should raise taxes on wealthy people. a. The multimillion dollar B-1 bombers are a waste of tax money. Yale graduates are better prepared for employment than are Duke graduates. The minimum wage encourages firms to substitute capital for labor. Course Hero is not sponsored or endorsed by any college or university. Categorize each of these statements as either positive or normative. Here are some examples of normative statements in economics: 1. The minimum wage is supported by unions. 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. (1) Which of the following is a normative statement? Oh no! The inequality of income that exists in the United States is partly caused by an unequal distribution of wealth. Which of the following is an example of a normative statement? The inequality of income that exists in the United States is partly caused by an unequal distribution of wealth.

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