Which of the following statements is normative?
What will be an ideal response?
There should be unemployment benefits for farmers who lose their farms.
Feedback:
A normative statement cannot be tested or validated; it is a matter of opinion. The only normative statement from the answer choices is "Farmers who lose their farms should qualify for unemployment benefits." The other statements can be tested and validated.
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Medicaid, welfare payments, and Temporary Assistance to Needy Families are classified as
A) unilateral payments. B) transfer payments. C) gifts. D) income redistribution payments.
The United States has a trade ________ with all its major trading partners and a trade ________ with every region of the world except for Latin America
A) deficit; deficit B) deficit; surplus C) deficit; balance D) surplus; deficit E) surplus; surplus