16) Which of the following is an example of a normative economic statement? A. . If the economy is experiencing full employment, a large tax cut will create inflation. B. . An increase in the government’s budget deficit will cause an increase in interest rates. C. . A decrease in ...
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” We know that there are measures to test whether this statement is true or not. Together with positive statements, normative statements help policymakers and leaders to reach opinion-based solutions to prevailing economic issues. Hence, both positive and normative economics play a vital role in ...
题目16) Which of the following is an example of a normative economic statement?相关知识点: 试题来源: 解析 . The federal government should increase spending on education.反馈 收藏
or bad and depend on ethical considerations such as ‘fairness’ rather than strict economic rationale. The actual economic effects of a taxation structure that taxes the rich more heavily than the poor (on spending and saving, for example) is a matter forPOSITIVE ECONOMICS. SeeWELFARE ECONOMICS...
An example of a positive economic statement would be: If consumer income drops, consumers will have less money to spend. An example of a normative statement is: When the wealthy are given a tax break, they should pass it down to their employees. What are positive and normative economics in...
economic phenomena and factors as they are. On the other hand, Normative economics gives us answers and solutions on the “what should be” state of the economy. The basis of normative economics is values and judgments, or what is fair and what is wrong in our present economic surroundings....
For example, a positive theoretical statement could be "an increase in the price of gasoline will lead to a decrease in the quantity demanded of gasoline." This statement is a positive theoretical statement because it describes an economic phenomenon (the relationship between price and quantity dema...
For example, positive economic theory would describe how money supply growth impacts inflation, but it does not provide any guidance on what policy should be followed. "The unemployment rate in France is higher than that in the United States" is a positive economic statement. It gives an ...
An example of normative economics would be the statement: "We should cut taxes in half to increasedisposable incomelevels." By contrast, a positive or objective economic observation would be, "Based on past data, bigtax cutswould help many people, but government budget constraints make that opti...