Which of the following is NOT a normative economic statement?
A) People over the age of 75 should not be allowed to drive cars.
B) Teenagers are responsible for most driving fatalities.
C) The price of petrol is too high.
D) States should reduce the tax on heating fuel oil during the winter.
E) We don't spend enough money on anti-smoking campaigns.

Question

Quizplus · Accepted Answer

Option B is a positive statement because it is a factual statement that can be verified through data. It does not include any value judgment or opinion about the statement. The other options are normative economic statements since they involve value judgments or opinions about what should or should not be done.

Which of the Following Is NOT a Normative Economic Statement