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

Question

Quizplus · Accepted Answer

This statement is a positive economic statement, as it describes a factual relationship between teenagers and driving fatalities. The other statements are normative because they express a value judgment or opinion about what "should" be done.

Which of the Following Is NOT a Normative Economic Statement