Matt observes that "there is a high correlation between educational attainment and the level of income." Jean concurs and adds that "high school graduates should all proceed to college."
A. Both Matt's and Jean's statements are positive
B. Both Matt's and Jean's statements are normative
C. Matt's statement is normative while Jean's statement is positive
D. Matt's statement is positive while Jean's statement is normative
Answer: D
You might also like to view...
The interest rate in the federal funds market:
a. is determined by the imposition of price controls imposed by the Fed. b. rises when the quantity of funds demanded by banks seeking additional reserves exceeds the quantity supplied by banks with excess reserves. c. will fall if the Fed sells bonds and, thereby, reduces the reserves available to banks. d. is an interest rate that is largely unaffected by the policies of the Fed.
In recent decades Americans have increased their purchase of stocks of foreign-based companies. The Americans who have bought these stocks were engaged in
a. foreign portfolio investment. b. indirect domestic investment. c. foreign direct investment. d. foreign indirect investment.