In a congressional debate about agricultural price supports, senators, members of congress, and other experts made the following four statements. Which of these is a normative statement?
a. "Price supports are important because America should preserve the small family farm."
b. "Without price supports, the price of wheat and corn will fall by over twenty percent."
c. "The decline in commodity prices caused by the removal of price supports will result in fewer, larger farms."
d. "The decline in commodity prices caused by the removal of price supports will reduce the number of tractors sold in the United States."
a
You might also like to view...
The excess of total credits over total debits in the current and private capital accounts is called the
A) BOP deficit. B) BOP surplus. C) official settlements account surplus. D) official settlements account deficit.
Winona’s government advises its citizens to save as much money as possible. What will most likely be the result of this policy?
a. little economic growth b. rapid economic growth c. unchanged economic growth d. steady economic growth