Which of the following is not an example of a positive,as opposed to normative,statement?
A) Higher gasoline prices will reduce gasoline consumption.
B) Equality is more important than efficiency.
C) Trade restrictions lower our standard of living.
D) If a nation wants to avoid inflation,it will restrict the growth rate of the quantity of money.
Correct Answer:
Verified
Q18: A statement describing how the world is
A)is
Q19: Economists view positive statements as
A)affirmative,justifying existing economic
Q20: Normative statements are
A)prescriptive,whereas positive statements are descriptive.
B)descriptive,whereas
Q21: "Ensuring that Social Security is financially sound
Q22: When an economist evaluates a positive statement,he
Q24: Which of the following is not correct?
A)Evaluating
Q25: A positive economic statement such as "Pollution
Q26: When economists make
A)positive statements,they are speaking not
Q27: Normative conclusions
A)come from positive analysis alone.
B)are based
Q28: A normative economic statement such as "The
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