Which of the statements below is primarily normative in nature?
A) There is an unequal distribution of income in Canada.
B) The distribution of income is more unequal in Canada than it is in Japan.
C) The inequality of income that exists in Canada is partly caused by an unequal distribution of wealth.
D) The distribution of income in Canada should be more equal than it is.
Correct Answer:
Verified
Q25: The exchange rate is
A)the rate of return
Q26: Macroeconomists disagree on normative analysis of economic
Q27: Equilibrium in the economy means
A)unemployment is zero.
B)quantities
Q29: The Keynesian approach to macroeconomics assumes that
A)wages,but
Q31: If the theory behind an economic model
Q32: Classical economists who assume the "invisible hand"
Q33: The process of adding together individual economic
Q34: The difference between microeconomics and macroeconomics is
Q35: Adam Smith's idea of the "invisible hand"
Q72: The classical approach to macroeconomics assumes that
A)wages,
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