What is a normative economic statement?
A) a hypothesis used to test economic theory
B) a statement of fact
C) a statement of what ought to be, NOT of what is
D) a statement that indicates what will occur if certain assumptions are true

Question

What is a normative economic statement?  
A) a hypothesis used to test economic theory 
B) a statement of fact 
C) a statement of what ought to be, NOT of what is 
D) a statement that indicates what will occur if certain assumptions are true

Quizplus · Accepted Answer

Normative economic statements express opinions or judgments on what should be done, rather than describing the world as it is or predicting what will happen. They involve value judgments and are subjective. Examples include statements like "Governments should provide free healthcare to all citizens" or "Taxes should be raised to reduce income inequality."

What Is a Normative Economic Statement