Which of the following is a normative economic statement?
A)An increase in corporate income taxes will cause the unemployment rate to increase.
B)The costs of medical care are increasing faster than the incomes of U.S. citizens.
C)Teenage unemployment is over ten percent.
D)Teenage unemployment is too high.

Question

Quizplus · Accepted Answer

Normative economic statements express value judgments about what a particular economic outcome should be. In this case, the statement "Teenage unemployment is too high" represents a normative judgment about what a desirable level of teenage employment might be. The other statements listed are descriptive or positive statements about how economic variables are related to one another.

Which of the Following Is a Normative Economic Statement