Which of the following is an example of a normative, as opposed to positive, statement?
a. Universal health care would be good for U.S. citizens.
b. An increase in the cigarette tax would cause a decrease in the number of smokers.
c. A decrease in the minimum wage would decrease unemployment.
d. A law requiring the federal government to balance its budget would increase economic growth.
a
You might also like to view...
Assuming elasticity of demand is reported as an absolute value, a price elasticity of demand of 0.4 indicates an:
A. elastic demand, meaning the percentage change in quantity demanded will be greater than the percentage change in price. B. inelastic demand, meaning the percentage change in quantity demanded will be greater than the percentage change in price. C. elastic demand, meaning the percentage change in quantity demanded will be less than the percentage change in price. D. inelastic demand, meaning the percentage change in quantity demanded will be less than the percentage change in price.
Bad process
What will be an ideal response?