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[DOC File]Exam #1 - PiratePanel
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7) The statement "Managers with a college education earn $18 an hour while ski instructors who did not complete college earn $10" is . A) a political statement. B) a positive statement. C) a normative statement. D) an ethical statement. 8) Statements about what ought to be are called . A) positive statements. B) normative statements. C ...
normative economics

[DOC File]CHAPTER 1
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d. The statement that society ought to require welfare recipients to look for jobs is a normative statement. It doesn't state a fact about how the world is. Instead, it is a statement of how the world should be and is thus a normative statement. e. The statement that lower tax rates encourage more work and more saving is a positive statement.
normative statement definition economics

[DOC File]Chapter 1 Exam – The Nature of Economics - The Econ Forum
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A positive statement must also be a true statement. A country that specializes according to its comparative advantage and then trades will be able to increase the level of goods the country can consume beyond what the country’s own productive abilities are. A normative statement because it expresses an opinion is likely to be false.
normative statements are

[DOC File]1) Economics is the study of how people choose
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D) statement lacking in logic. 9) Normative economic statements. A) violate the law of ceteris paribus. B) contain value judgments. C) are usually irrational. D) are easily testable. 10) “No individual should have less than $10,000 income in the United States in 1990” is an example of. A) a normative statement. B) a positive statement.
normative statement definition

[DOCX File]College of Saint Benedict and Saint John's University
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Econ 2610: Principles of Microeconomics, Spring 2010. Yogesh Uppal. 1) Which of the following is a normative economic statement? A) Minimum wage causes unemployment. B) Minimum wages is not a good policy. C) Minimum wage policy creates both winners and losers. D) None of the above Answer:
normative economics example

[DOC File]Economics 101 Name
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9) Which of the following is an example of a normative statement? A) A higher price for a good causes people to want to buy less of that good. B) A lower price for a good causes people to want to buy more of that good. C) To make the good available to more people, a lower price should be set. D) If you consume this good, you will be better off.
positive statement vs normative statement

[DOC File]Quiz # 1
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The statement that the Federal Reserve should reduce the rate of growth of money is a normative statement. It states an opinion about something that should be done, not how the world is.
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[DOC File]Queens College Economics
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d. normative; the statement is an opinion about something that should be done, not how the world is. e. positive; the statement deals with how the economy is (and not an opinion of how it should be); economists have studied the relationship between tax rates and work and saving, finding a negative (but small) relationship in both cases, so the ...
examples of normative economic statement

[DOC File]F14ECON111HWPS1ans.doc
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C) macroeconomics. D) normative economics. 7) The statement "An increase in the price of gasoline will cause a decrease in the amount purchased" is . A) a political statement. B) a positive statement. C) a normative statement. D) a scientific statement. 8) Normative statements are statements about . A) prices. B) quantities. C) what is.
normative economics

Positive and Normative Economics - Examples, Differences and Imp…
A normative economic statement is an assertion of the way the world ought to be, in the sense that it is a value judgement or subjective opinion; one may agree or disagree with it, but the statement’s validity cannot be assessed against facts/evidence
normative statement definition economics

What is a normative statement econ