Which of the following is an example of a normative economic statement?
A) Prices rise when the government prints too much money.
B) Universal access to quality health insurance is the most important domestic policy issue of our time.
C) Interest rates rise when the government runs persistent budget deficits.
D) Extending the time in which laid-off workers are eligible to receive government unemployment compensation has increased the unemployment rate.
E) Lowering marginal income tax rates depresses consumer spending.
B
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Refer to Table 2-1. Assume Dina's Diner only produces sliders and hot wings. A combination of 60 sliders and 50 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
Which of the following statements is not? true?
What will be an ideal response?