Which of the following is an example of a normative statement?
A. Higher prices cause consumers to buy less.
B. There should be no unemployment in an advanced industrial society.
C. Equilibrium price implies that quantity demanded equals quantity supplied.
D. The unemployment rate is six percent.
Answer: B
Economics
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Refer to the information provided in Table 21.6 below to answer the question(s) that follow. Table 21.6
Refer to Table 21.6. The value for net exports in billions of dollars is
A. 800. B. 200. C. -200. D. -500.
Economics