Which of the following is NOT a normative statement?
A) People buy more of a good or service when its price falls.
B) The distribution of income is fair.
C) The government ought to provide health care to everyone.
D) Corporations should be more socially responsible.
A
Economics
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Goods whose benefits to society are not diminished as more people consume them and whose benefits cannot be withheld from anyone are
a. impossible since resources are limited b. examples of negative externalities c. public goods d. typically food and other necessities e. provided by free markets to free riders
Economics
Which of the following words and phrases best captures the notion of equality?
a. minimum waste b. maximum benefit c. sameness d. efficiency
Economics