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.
C
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You have two bonds, both with a face value of $7,000 . One of them matures one year from today, while the other matures one year after that. If the interest rate is 8 percent (0.08) per year, what is the difference in value between the two bonds?
a. $480.11 b. $578.52 c. $317.46 d. zero e. $925.92
Which of the following is not an important macroeconomic goal?
a. Stable prices b. Full employment c. Rapid economic growth d. Low interest rates e. None of the above is an important macroeconomic goal