Which of the following is a normative economic statement?
A. The poverty rate hit a new high last year and income distribution also worsened
B. Health care accounts for roughly a third of total spending in the economy
C. The government needs to revamp the Social Security program to make it sustainable
D. Retail sales are expected to continue on their downward trend in the next three quarters
Answer: C
You might also like to view...
Last week, six Swedish kronor could purchase one U.S. dollar. This week, it takes eight Swedish kronor to purchase one U.S. dollar. This change in the value of the dollar will ________ exports from the United States to Sweden and ________ U.S
aggregate demand. A) increase; decrease B) decrease; increase C) decrease; decrease D) increase; increase
Which of the following is not a form of poverty assistance?
a. in-kind transfers b. cash assistance c. life-cycle wealth d. negative income taxes e. Medicaid